Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Salesforce to double presence in Ireland with 1,500 new jobs

Published 01/18/2019, 05:56 AM
Updated 01/18/2019, 05:56 AM
© Reuters. The Salesforce logo is pictured on a building in San Francisco

DUBLIN (Reuters) - Salesforce.Com will more than double its workforce in Ireland by adding 1,500 jobs, marking one of the largest single job announcements in the 70-year history of the state's foreign investment agency.

The San Francisco-based cloud software maker currently employs 1,400 people in Dublin, the European hub for a number of major technology firms, and will add the new jobs over the next five years as it moves into a new 430,000 feet campus on the city's north docks.

"Europe is Salesforce's fastest growing region, and Ireland has been a significant part of our success," Miguel Milano, Saleforce's international president, said on Friday.

"We are excited to be announcing our continued commitment with this investment in Dublin."

The risk of Brexit and escalating global trade wars to Ireland's open economy has done little to dampen foreign multinationals' appetite to set up or grow operations there and avail of its 12.5 percent corporate tax rate.

Foreign investors backed by the state foreign investment agency created a total of 14,000 jobs in Ireland in 2018, up from just over 10,000 the previous year, IDA Ireland said earlier this month.

Foreign firms employed around 230,000 people in Ireland in 2018, approximately 10 percent of the country's workforce.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.