Green Shoots - How Michael Noonan ended the recession

Amazon have a massive call centre in Cork.

To be honest I’m not sure why anyone would make a small island in W Europe their logistics hub?

the answer is fairly simple - tax breaks

great news for dundalk re paypal. 1000 jobs is a serious boost no matter how shit those jobs are.

Surely any tax break would be negated by the costs of running logistic from an island?

My understanding is a lot of these jobs in Dundalk are decent prof numbers and not all call centre

Lots of online retail based in Jersey and the likes. If we’re serious about keeping our low tax regime we need to be a bit more creative about attracting new industries here.

Fair enough. And don’t disagree with the point. Just struggle to understand how it can be cost efficient!

The likes of Asos are based out of the UK and still have to fly a load of their stuff around the world.

Maybe so and as above, fair enough. UK has physical link to mainland Europe though. I guess with fuel prices overland transport prob not all that attractive anymore

It’s not if it’s a level playing field so you’d have to do something to subsidise logistics. But we’d be better doing that (and having an infrastructure as a result) then handing out grants to companies who just hang on for as long as they’re being paid to do so.

That makes more sense. Probably on shaky ground with the Troika and Europe subsidising an industry to steal someone else’s lunch money though!! Fck em!

Something needs to be done to get TFK hoodies on the backs of the teenagers of eastern Europe.

Martin McCaughey will be pleased with this.

The Dundalk accent is one of the worst in the world. They were saying most of the positions are multilingual so I don’t know how many Dundalkers will be getting the jobs. Still an extra 1,000 jobs anywhere is good particularly somewhere as small as Dundalk. It’ll make a massive difference

BIg boost for the area though transformation won’t be dramatic with 300 out of the 1,000 this year. Still a large number for the area. Drogheda has come on quite a bit in the last year too after suffering very badly from 2007-2010 when the proliferation of out of town massive supermarkets didn’t help.

There was talk of Dublin becoming the next Gibraltar or Malta a while back but the Govt wouldn’t push it through. Betfair, Powers, Boyles, Sportingbet and Ladbrokes to a lesser extent all have decent operations in Dublin (& Dundalk) and no reason why a few more couldn’t be brought in due to the amount of skilled labour available in the industry. There would be a fair cross over in their needs with the likes of Google, Facebook and LinkedIn too.

here we fuckin go- im not sure who’s paying you but they getting therir moneys worth

So you’d prefer to leave people unemployed? :rolleyes:

Well we have the IFSC and Canary Dwarf. Is feidir linn.

You can never have enough Fund Accountants I suppose

you are seriously overestimating the skilled labour bit there. The light touch regulation and tax rates are the primary reason why those MNC’s are in Ireland.

Primary reason why they come in the first place probably. There are huge advantages to Ireland which then encourage them to stay and develop their businesses here. Google is a good example, they have spent a couple of hundred million on property in th last 12 months and are hiring non stop. Lot of Irish working there but loads of Dutch, Swedes, French etc. it is easy to attract them to live in Dublin now so not wholly relying on local talent.

I think it’s very interesting looking at the reaction to these announcements. Not just on here but across a lot of media and talking to people in general. Using this thread as an example it has been questioned if the number of jobs is inflated, what the quality of jobs are, if Ireland’s only selling point is our tax rate. Not one person, including myself, has complimented the IDA or the Gov for this result. I think it is in our nature to be sceptical and challenging of a lot of information we are getting from any source but this does tend to make us overly negative.

This Paypal announcement is great, as is Google setting up their New Data centre in Dublin. We had the next PM of one of the most important economies in he world on an official visit for the last few days, That’s a serious coup IMO as China is somewhere we will need to drive future growth. There is a major focus on food and agri and the likes of Kerry Group and Glanbia and several others have really made massive strides over last few years.

We are still under the cosh here big time but have said it few times here now; we were probably two years into the downturn before we fully realised it. We will be at least two years past the bottom before we realise that too. I think 2011 will be seen as the low point and the point when things actually started to improve. Lot to do on unemployment for unskilled workers and this is where we will live or die in a long term recovery but their is huge scope in tourism to be exploited and this will help in that regard, food and agriculture is another area which cn be targeted for growth. We have a favourable climate largely and. Great global reputation and brand. Holland is fourth biggest food exporter in the world, in a country the size of Munster, that should give some idea of the scope that is there to grow the industry