Careers and Jobs

Two positive news stories to tell you about – cherish them as they are few and far between at the minute. It looks like we are spreading the love too as jobs are created both sides of the border.

Complete Telecom announced that it will be growing by 10 staff as part of an ongoing expansion. The jobs will be created at their HQ in Dublin with a few scattered regionally. Most of the roles are in Engineering and Support. Get your CV’s dusted down as recruitment is happening as you read this post. Complete hope to have the new positions filled by September.

Citigroup announce that they will be creating 145 new jobs in Northern Ireland. This is great news and financial services and insurance sectors have been taking a bit of a hammering with the Axa Insurance news and Hibernian news. The Citigroup announcement will bring the number of staff to 850 in the North. Lets hope that this is not a case of robbing Peter to pay Paul and that this move is not part of a strategy to access cheaper costs in the North.

We are a run of good stories now with these last two announcements. Let’s hope it continues. Need help with CV Writing Service or Interview Coaching?

Citco Fund Services (world’s largest hedge funds administrator) is planning to expand its operations in Dublin. Citco currently employ 600 staff in Ireland and they are looking for new office space which could mean another 100 staff.

With the turmoil in the jobs market many jobseekers are seeking a safe haven to weather this storm. Jobseekers want a sector that will provide stability away from the continual threat of redundancy. Construction is suffering, retail is stuttering, manufacturing on deaths door BUT is financial services the shining knight.

It’s hard to know if Financial Services is a safe bet. The stock market is in turmoil and the banking and financial sector has strong ties to the construction and housing. For example Start Mortgages announced on Friday that it is cutting its workforce by 10% which indicates that the demand for loans is slowing fast. This has a direct knock on effect for banks but also financial services providers such as insurance.

I think Financial Services will remain a pillar of the economy. Developments and announcements such as Citco Fund Services are encouraging and would indicate strength within this sector despite the uncertainty globally.