Ireland gains over 4,500 Brexit-related jobs in 2018

DUBLIN, Jan 3 () - Ireland last year gained more than 4,500 jobs stemming from Britain's decision to leave the European Union, the Irish foreign investment agency said on Thursday.

More than 55 firms, including Bank of America and Morgan Stanley, confirmed new or expanded operations in Ireland during 2018, the IDA said in its annual report.

In October the agency said asset management and investment firms made up about half of the more than 100 finance companies that had applied to set up or extend operations in Ireland as a result of Brexit.

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

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.