MINISTER for Jobs, Enterprise and Innovation Richard Bruton is due to announce the creation of 250 new jobs today with the expansion of the call centre business Eishtec.
Today's announcement has the backing of Enterprise Ireland, and the positions are set to be in place by the middle of this year.
The growth comes as a result of Eishtec securing a contract to provide customer service sales support for Orange, a leading UK mobile service provider.
Last October the region suffered a blow when Talk Talk closed their call centre in the county with the loss of over 550 jobs. This followed the loss of over 130 jobs in March when GlaxoSmithKline cut its workforce.
"The south-east region has persistently had higher than average levels of unemployment, and has suffered disproportionately from the economic collapse, " Minister Bruton said.
Recruitment for the new jobs is currently underway.
Fine Gael's Paudie Coffey said the positions being created at the Eishtec call-centre were much needed in the city.
"These jobs come at a time of an unemployment crisis in Waterford where we suffered numerous job losses late last year," he said.
Mr Coffey said Eishtec is a prime example of entrepreneurs with expertise willing to take a risk and create employment which will help stimulate economic activity in Waterford.
"This is an extremely positive announcement and it is down to the hard work, effort and ambition of the management and staff since the company's establishment last year," he said.
"This is a Waterford company that has the potential to grow and expand even further."