Monday 19 March 2018

High flying IDA staff now earning over €100k each

IDA chief Martin Shanahan. Photo: Mark Condren
IDA chief Martin Shanahan. Photo: Mark Condren

Gordon Deegan

The number of high fliers at the IDA earning over €100,000 last year increased by one to 12.

New figures released by the IDA in response to a freedom of information request show that the jobs agency employs two staff earning between €150,000 and €200,000, with an additional 10 earning between €100,000 and €150,000.

Meanwhile, the numbers earning over €100,000 at Enterprise Ireland, its sister enterprise agency, remaining static at 18.

At Enterprise Ireland, the records show that last year three members of staff earned between €200,000 and €150,000, with 15 earning between €100,000 and €150,000.

Four of the 10 IDA staff earning between €100,000 and €150,000 served overseas last year.

The IDA - led by chief executive Martin Shanahan - operates a network of overseas offices.

The FOI figures show that the running costs of its overseas network last year totalled €2.37m.

The office with the highest operating costs is based in New York city and last year cost €663,000 to operate.

The IDA has a network of offices in the US. The cost of operating them accounted for 55pc or €1.3m of the IDA's total spend in operating its overseas offices.

The €1.3m spend reflects that the largest proportion of foreign direct investment comes from US companies.

The office at Mountain View in California, which aims to attract Silicon Valley tech companies here, last year cost €224,000 - making it the second most costly operation in the IDA's global network.

The spend on the Mountain View operation easily eclipses the individual spend by the IDA in other world capitals.

The spend on the London office totalled €188,000 last year with Tokyo costing €132,000.

Irish Independent

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