Thursday 22 February 2018

Ten staff at IDA earn more than €100,000, says chief

Barry O'Leary, chief executive of IDA Ireland.
Barry O'Leary, chief executive of IDA Ireland.

Gordon Deegan

IDA chief executive Barry O'Leary said 10 staff at the agency earn more than €100,000 per annum.

"I would ask you to identify other businesses that bring so much business to the country," said Mr O'Leary who is one of those earning over €100,000.

"After all, this is all additional benefit for Ireland, you invest in job creation and you get a massive payback."

According to the IDA's 2012 annual report, Mr O'Leary last year earned €189,115. However, his salary has been reduced by 10pc as a result of the Haddington Rd agreement to just over €170,000.

Information provided by the IDA to former Labour Party TD Roisin Shortall shows that one IDA employee earns between €150,000 and €175,000 with four earning between €150,000 and €125,000, with another five earning between €100,000 and €125,000.

The figures show that an additional 14 staff earn between €90,000 and €100,000; 24 earn between €80,000 and €90,000; 36 between €70,000 and €80,000; 37 between €60,000 and €70,000; 38 between €50,000 and €60,000; 46 between €40,000 and €50,000 and 50 earning under €40,000.

Staff costs at the IDA last year came to €21m, made up of €19.6m in salary costs; €1m in social welfare costs and pension costs of €371,000.

Client companies of the IDA created 12,722 new jobs during 2012.

Irish Independent

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