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More than 7% of large and medium enterprises have offshored some element of their business | Business Post

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More than 7% of large and medium enterprises have offshored some element of their business, evadiminutive reports.

The most common destination for Irish-based businesses outsourcing company functions were other EU member states. Picture: Getty

More than 7 per cent of medium-to-large enterprises in Ireland have moved some element of their business abroad in the past few years. New data released by the Central Statistics Office showed that foreign enterprises were more likely to engage in the practice of moving business functions to other countries than their Irish counterparts.

Of the 1,807 foreign-owned enterprises, 217 engaged in international sourcing while 96 of the 2,371...

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