Thursday 8 December 2016

Closure a symptom of auction site's global issues

Published 26/08/2016 | 02:30

Paypal employs 2,600 employees across Ireland Photo: UIG via Getty Images
Paypal employs 2,600 employees across Ireland Photo: UIG via Getty Images

It used to be one of the three or four names that everyone listed off when citing a giant Internet company. But eBay's star has fallen in recent years as rival services such as Amazon have taken over online shopping.

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Indirectly, this is the reason that 150 jobs are going in Dundalk.

PayPal, which was the junior subsidiary of eBay until they separated last year, is evicting its former parent from the Dundalk facility as it holds the lease.

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