Amid all the doom and glooming about the global economy, etc., Ireland is still clearly a very attractive place to continue building flagship manufacturing capacity.
AlienInOrigin on
Well that’s a great weight off the shoulders of the local unemployed.
Latespoon on
The only real threat to our pharma industry is tariffs and they’re unlikely to be harsh enough or last long enough to cause major damage.
Big tech, and perhaps to a lesser extent the whole white collar sector, is in a much more precarious position. Some major firms have laid off large portions of their staff in favour of AI in recent weeks e.g. Block Inc. laid off 40% of their workforce, about 4,000 people, a trend which will undoubtedly continue.
We also can’t rule out the Donald pushing some new tax rules to make our… favourable tax treatment… of some companies uncompetitive after all is said and done.
mrquinoa on
The people that complain about multinationals in Ireland forget what a dump this country was before we became a tax haven. Yes this will bring in more migrant professionals, but it’s incentive to upskill yourself. Being Irish is already a competitive advantage in the job market because we’re saturated by foreign professionals. You can’t have your cake and eat it too. Adapt or get left behind.
Any_Comparison_3716 on
No better place for it. We’re a mess.
Chickengoujon20 on
Can’t keep giving all these American multinationals “golden handshakes” that subsequently blow more important career paths out of the water when it comes to wages, annual bonuses etc.
The Garda, public transportation, staffing hospitals with nurses, staffing schools with teachers (and so on) are absolutely on their knees crying for people as they simply can’t compete.
Why bother getting 450+ points in the LC to do Teaching in NUIG when I can flunk my way through the LC, go to Carlow IT and do some sub 250 points STEM course, flunk my way through that and end up in some overstaffed multinational earning bank only a teacher could ever dream about?
Sure if your eventually or inevitably made redundant, even with a “measly” 2 years of service you’d be walking away with €10K-15K minimum between statutory redundancy, company package and owed money (holiday pay and notice period) and the likelihood of finding employment elsewhere very high.
Baggersaga23 on
Great to see. Mad that some people would begrudge this type of development for the country
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Amid all the doom and glooming about the global economy, etc., Ireland is still clearly a very attractive place to continue building flagship manufacturing capacity.
Well that’s a great weight off the shoulders of the local unemployed.
The only real threat to our pharma industry is tariffs and they’re unlikely to be harsh enough or last long enough to cause major damage.
Big tech, and perhaps to a lesser extent the whole white collar sector, is in a much more precarious position. Some major firms have laid off large portions of their staff in favour of AI in recent weeks e.g. Block Inc. laid off 40% of their workforce, about 4,000 people, a trend which will undoubtedly continue.
We also can’t rule out the Donald pushing some new tax rules to make our… favourable tax treatment… of some companies uncompetitive after all is said and done.
The people that complain about multinationals in Ireland forget what a dump this country was before we became a tax haven. Yes this will bring in more migrant professionals, but it’s incentive to upskill yourself. Being Irish is already a competitive advantage in the job market because we’re saturated by foreign professionals. You can’t have your cake and eat it too. Adapt or get left behind.
No better place for it. We’re a mess.
Can’t keep giving all these American multinationals “golden handshakes” that subsequently blow more important career paths out of the water when it comes to wages, annual bonuses etc.
The Garda, public transportation, staffing hospitals with nurses, staffing schools with teachers (and so on) are absolutely on their knees crying for people as they simply can’t compete.
Why bother getting 450+ points in the LC to do Teaching in NUIG when I can flunk my way through the LC, go to Carlow IT and do some sub 250 points STEM course, flunk my way through that and end up in some overstaffed multinational earning bank only a teacher could ever dream about?
Sure if your eventually or inevitably made redundant, even with a “measly” 2 years of service you’d be walking away with €10K-15K minimum between statutory redundancy, company package and owed money (holiday pay and notice period) and the likelihood of finding employment elsewhere very high.
Great to see. Mad that some people would begrudge this type of development for the country