Number employed by multinational companies in Ireland hits all-time high in 2021

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Some 275,000 were employed by multinationals, MartinDShanahan confirmed.

The number of people employed by multinational companies in the country hit an all-time high of 275,000 in 2021.

The net increase in employment from the sector almost doubled to 16,800 in 2021, with 249 new investments, the country’s foreign direct investment agency IDA Ireland said.He told a press briefing he did not expect the flow of jobs to slow in the wake of Ireland’s decision in October to end its opposition to an overhaul of global corporate tax rules.

Mr Shanahan said the stability resulting from the move meant it would not have a significant impact on FDI flows, adding that it was an “open question” whether it would be implemented. He said: “I think this demonstrates the strength of our economy and the fortitude of our people. Despite immense challenges, we continue to maintain our reputation as an excellent place to invent.Ireland’s gross domestic product grew by 11% in the three months to the end of September compared to the previous year, one of the highest rates of growth in the EU.

 

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