Skilled workforce key in attracting 150 new jobs
A leading pharmaceutical company yesterday identified our educated workforce, language skills, low cost and tax rates as key reasons behind the creation of 150 jobs.
The graduate jobs will be in the finance, business and accountancy professions.
Taoiseach Brian Cowen said the decision of pharmaceutical company MSD to locate its finance and business services centre in Dublin was a "major vote of confidence in Ireland".
Building on its workforce of 2,300 already based in Ireland, the world's second largest pharmaceutical company, will base its shared services centre for Europe, the Middle East and Africa in Sandyford.
Taoiseach Brian Cowen said the jobs announcement was a "significant endorsement by MSD of its Irish operation".
Mr Cowen said the new centre was a "strategic win for Ireland" and its setting up means the world's two leading pharmaceutical companies have chosen Dublin as the headquarters for their financial services centre for Europe, the Middle East and Asia.
The company will start hiring staff from September 1 and start up in September and October.
MSD's Stacey Gelman said the reasons the company was putting the jobs in Dublin was due to its history of operating in this country, the availability of workers with business degrees and language skills and the access and cost of the type of office facility it needs.
She also identified the low tax rates as an attraction to Ireland for multi-nationals.
"The overall cost structure for Ireland coming down over the past few years really did help us make a decision to come to Ireland and the tax rate is a very important consideration for us as we add more people to our Irish workforce," she said.
The company already employs 2,300 people across the country in Wicklow, Carlow, Tipperary, Cork and Dublin. MSD, part of Merck and Co., estimates it has invested €2.2bn in this country.