Wednesday 17 January 2018

Flood of new jobs -- but fears for staff at games firm

Peter Flanagan New Technology Correspondent

AN American technology company is to create 120 jobs in Co Louth. Online payments company YapStone International will open its Europe, Middle East and Africa (EMEA) headquarters in Drogheda.

YapStone said it would be looking for staff in customer support, research and development, software engineering, finance and accounting.

Recruitment will begin immediately.

The company focuses on facilitating rental payments. Holiday rentals, apartment rentals, commercial real estate, self-storage and non-profits all use YapStone in the US.

The IDA-backed investment was secured during a trade mission to the US led by jobs minister Richard Bruton, who said: "YapStone is a market leader and its decision to locate in Ireland for the first time in Drogheda is great news for the north-east and for the country."

YapStone is based in San Francisco and was set up in 1999.

It is considered the market leader in online payments as a service in the US.

The investment is a fillip for the IDA, which has made a policy of targeting tech companies that are still quite small but can grow rapidly.

Meanwhile, more than 200 full-time jobs will be created in Cork, Galway and Meath after two companies announced expansion plans and another received planning permission to build a fuel plant.

Shamrock Renewables Ltd has been given the green light to build a bioenergy plant near Kells in Co Meath, which will employ 200 construction workers and create 120 full-time jobs once it is completed.

The new project will manufacture briquettes and pellets and will include a combined heat and power plant (CHP), which will export surplus electricity to the national grid.

A further 30 jobs are being created in Galway as part of an expansion of research and development operations by telecoms company Synchronoss. The positions will be filled over the coming months.

In a separate development, US company Entercoms Incorporated will create 30 jobs at its new European headquarters in Mallow, Co Cork.

Despite the good news on jobs, however, fears were growing last night over the future of staff at the Dublin office of the gaming outfit Zynga.

The company, which is best known for creating games such as 'Farmville' on the Facebook network, has lost nearly 80pc of its value since it went public last December.

On Tuesday it said it would cut 5pc of its global workforce after posting worse-than-expected quarterly results.

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