PayPal To Boost Irish Economy

22 February 2012 - Which Way to Pay

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PayPal To Boost Irish Economy

Online payment group PayPal plan to create a thousand jobs in Dundalk over the next four years, in a move which has been praised by Prime Minister Edna Kenny as a signal of confidence in Ireland. He said, “It is a clear recognition of the opportunities that Ireland offers global leaders like PayPal.” 

Louise Phelan, PayPal’s vice-president, said, “This is a great day for PayPal Ireland is truly a testament to the proven track record of our existing operation in Ireland. I am very proud to support Irish job creation and look forward to working with our new teammates in Dundalk.”

This is the biggest job announcement since the recession started which will generate an estimated 3,000 spin-off jobs which should significantly boots Ireland’s reputation as an important centre for internet firms.

It is hoped that PayPal’s presence in Ireland will entice global internet giants to inject millions into the struggling economy.

Despite an unemployment rate of 12.4 %, February has seen a surge in job creation across the country mainly in financial services and high-tech sectors.

Another 500 high tech jobs will be announced in the coming weeks in a further vote of confidence for Ireland’s economy. 

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Related Links:
• PayPal
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• Latest News
Read the lastest economy and financial news
• Irish Government
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