Jobs blow for Tipperary but boost for Dublin
There was bleak news on the jobs front in Cashel, Co Tipperary today on news that US health products giant Johnson & Johnson is closing its facility resulting in 133 redundancies.
Staff are currently being informed of the decision which was spurred by the end of the development of a coronary stent programme as a result of changing market conditions.
Despite news of the jobs cut, Johnson & Johnson said it was committed to Ireland.
'We will explore alternatives for the Cashel site,' said Bryan Mohally, a vice president at the company.
'We will also make every effort to help those who may be affected by any job losses in terms of redeployment within the Johnson & Johnson family of companies where possible, and the provision of outplacement assistance and services,' he added.
Meanwhile, financial services firm BNY Mellon will create 50 new jobs in Dublin over the next two years.
The US firm is creating a new subsidiary - BNY Mellon Clearing International - which will be headquartered in Dublin.
The new firm will be used to clear futures and derivatives trades on behalf of the bank's clients in Europe, the Middle East and Africa.
The jobs will be in finance, risk management, technology, operations, sales, compliance and legal.
Ireland is now BNY Mellon's second largest location in Europe, employing more than 1,800 people in Dublin, Cork, Wexford and Navan.