A US medical devices firm delivered a double boost for Ireland by confirming 20 new jobs and reversing a plan to axe 142 staff.
Stryker Instruments ann- ounced a €24m investment in their Cork plant which will create 20 new jobs by 2016.
The firm, which is based in Michigan in the US, made the announcement after reporting a 100pc jump in 2011 profits and the reversal of a plan to axe 142 jobs from their Carrigtwohill facility.
The US firm saw its pre-tax profits soar by over 100pc last year, surging to €250m from €124m.
The job cuts were announced in May 2011 and were to take place by mid-2013.
The firm had blamed the job losses on difficult market conditions.
Stryker employs over 1,000 staff in Ireland.