Business Irish

Wednesday 24 September 2014

Tax giant to take on 30 senior staff

Published 21/11/2012 | 05:00

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Ernst & Young said it plans to take on 30 senior staff in Dublin after Irish sales rose.

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The jobs will be in senior roles across advisory, assurance and business support services, the company said yesterday.

The accountancy giant said Irish revenues rose 5.7pc in the 12 months to the end of June thanks to cross-border businesses and work helping multinationals to move operations to Ireland. Transaction advisory services saw revenues expand 29pc while advisory services grew 14.4pc in 2012, it said.

"We've had a good year in challenging economic times," said Ernst & Young Ireland boss Mike McKerr. "I am very proud of what we have achieved in a challenging market."

Ernst & Young employs 167,000 people worldwide and posted revenues of $24.4bn (€19bn) for the financial year, which ends in June. Revenues grew 7.6pc in local currency, which suggests growth in the Irish unit was slower than growth elsewhere.

Ernst & Young's Graham Reid said he saw an increasing demand from debt-burdened companies trying to restructure their balance sheets.

"In addition, Ireland continues to produce vibrant companies that require high quality corporate finance advice as they seek to assess new growth opportunities," he added.

Irish Independent

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