Thomson ReutersIDA Ireland expects the number of people employed by foreign-owned firms to increase this year despite the tougher global economic environment and tech sector job cuts, its chief executive said on Wednesday. Their employees make up around 12 per cent of the entire labour market. IDA Ireland chief executive Michael Lohan said that while its half year results due next week will not show the same record growth levels, the numbers will be “very strong”. Mr Lohan said he believed most of the cuts were over, with the possibility that there may be some more. A number of pharmaceutical and life science multinationals, including Boston Scientific, Dexcom and Eli Lily, have also made large job announcements this year.

Source: The Herald June 28, 2023 19:49 UTC