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Job growth for IDA businesses

IDA-BACKED companies returned to net job growth in 2010 for the first time in four years. Some 10,897 jobs were created last year and, taking into account jobs lost in multinationals, the net gain was 1,352.

Chairman Liam O'Mahony (pictured), said that reaching "any net gain" in a global recession should be regarded as a strong performance.

The IDA aims to bring in 640 investments, creating 62,000 new jobs, by 2014.

Figures released yesterday by the agency outline that multinationals, such as IBM, Google, Facebook and Accenture, committed €500m to such projects in the country throughout 2010.