Business Irish

Saturday 24 March 2018

Survey of Irish bosses shows that 40pc expect to take on staff this year reporters

A SURVEY of Irish chief executives shows that two fifths plan to hire staff this year,

The PricewaterhouseCoopers survey of 195 chief executives also showed that 44pc are positive about the growth prospects of their businesses but only 22pc are upbeat about the Irish economy.

Most of the multinational bosses questioned said investment in Ireland has been a success for them while 34pc are considering further spending in Ireland.

"It is clear that Irish companies continue to address significant challenges and are actively targeting opportunities in international markets,” said Ronan Murphy, senior partner at PricewaterhouseCoopers.

“There continues to be a strong focus on change and efficiency with a renewed emphasis on organisation agility and talent management.

“The survey suggests that businesses are positioning themselves for growth opportunities, albeit such growth will, initially, be sector and market specific."

According to the survey, which was conducted in April, half of firms plan to expand into foreign markets with China, Central/Eastern Europe and the UK the favourites.

Despite the weak economy and the eurozone debt crisis, 40pc plan to add jobs while a further 40pc will maintain employment at current levels.

Business Newsletter

Read the leading stories from the world of Business.

Also in Business