Over 400 jobs to be created in Ireland as Subway announces major store expansion
Subway plans to create 51 new stores in Ireland and Northern Ireland by 2020, creating around 408 new jobs.
The major expansion will bring the total number of stores of the fast food chain here to 321 over the next three years.
In total, the brand aims to increase the number of stores in Ireland and the UK to 3,000 by 2020, creating around 5,000 new jobs.
Subway, which was founded in Connecticut, USA, in 1965, has grown to 44,000 stores in 112 countries thanks to the popularity of its submarine sandwiches.
The most recent total turnover of Subway stores was calculated at approximately £515m (€586m) in 2016. The firm plans to open 150 stores by the end of this year.
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Peter Dowding, Country Director for UK and Ireland said the the growth of the business "is a testament to the hard work and effort of our franchisees".
"Our franchise model is tried and tested, it works for entrepreneurs and it works for us. We are confident our business model will continue to grow as more and more consumers demand great tasting food at a value price-point.
"With 5,000 new jobs expected over the next three years, opening up a further 500 stores demonstrates not only the value of the business to our franchisees but also collectively, the real and significant contribution to Irish and British economies."”
Mr Dowding said Subway's UK operation has been going through a “massive brand transformation”, with plans to kick-start a new online ordering platform in 12 months' time.
He said the business was also tackling the Brexit-induced rise in inflation by working with its suppliers to “lock down prices for the next couple of years”.
Additional reporting by PA