The New York Stock Exchange creates 400 jobs in Belfast
It has been announced that 400 new jobs will be created in Belfast as the result of a major new investment by The New York Stock Exchange. The New York Stock Exchange plans to establish a high-tech service centre in the city and says the jobs will come on stream over the next three years.
The papers yesterday announced negative jobs news for north and south. Glanbia announced that it will be cutting 50 jobs at HQ in West Dublin. Meanwhile in Belfast 40 Jobs will be cut by financial company ClearCo. These lastest announcements come at the end of a grey week for jobs news. Although the previous post announce 190 new jobs for Newry & Belfast with First Derivatives & ICS Computing many jobs were lost. Here is a quick summary below.
GE Healthcare announced 50 job cuts in Cork.
Powerscreen announced 90 job cuts in Tyrone
County Council announced 48 redundancies in Kildare.
Microsoft announced 17 job cuts in Dublin
Finally the biggest news of the week was that Ulster Bank announce 750 job cuts across Ireland. There will be 200 cut in Northern Ireland and 550 across the south.
Financial IT company First Derivatives will create 140 jobs in Newry where they already employ 130 staff. The company indicated that most of the jobs will be filled by locals (what about all the southern shoppers). The majority of the new jobs are consultancy with some management. First Derivatives provides consultancy and software services for financial institutions who want to analyse their exposure to debt.
Service & IT Software company ICS Computing will create 50 new jobs in Belfast at its headquarters. The new job creation is as a result of a new contract with NHS. ICS currently employs over 250 people at its Belfast office.
Other news impacting the north was that ASDA will create 7,000 new jobs which will surely mean more employed in Northern Ireland.
The papers have been focusing on global financial jobs loss over the last few days with thousands more jobs lost as a result of financial sector meltdown. Back home there was also more negative job news
Hewlett Packard announced that it wants to cut 24,000 jobs globally which has increased uncertainty with its 4,000 employees in Ireland. HP employs 4,000 staff in Belfast, Dublin, Galway and Leixlip. The global job cuts will represent a 7.5% of its 178,000 global workforce. It is expected that most of these job cuts will come from EDS a recent acquisition. EDS employs 400 staff in Dublin.
250 jobs will go in Waterford with the news that buy-out talks for poultry firm Cappoquin have collapsed. This is a huge blow for the poultry industry in Ireland with the direct job loss and indirect impact on 50 producers for the firm in Munster.
Finally Tourmakeady in Co. Mayo had some bad jobs news when local firm Caideil MP Teoranta announced that it would be closing with the loss of 32 jobs.
Heed a career coach or interview coach in Ireland?
Siemens has announced that it will be cutting 7000 jobs across the globe as it transitions as a company from hardware provider to a software/solutions provider.
There is good news for Irish worker as their jobs will be safe. Siemens employs about 1100 staff across 3 locations in Ireland Dublin, Belfast and Cork. The majority of these workers are employed in Dublin.
Siemens businesses that are represented in Ireland include; Siemens Limited, Siemens Business Services, Siemens Research Ireland, Fujitsu Siemens Computers and Osram.
Siemens reported revenue figures of 72.4 billion euro in 2007. They employ a total of 460,000 staff in 190 countries around the world. Last time I looked share prices had increased in the company.
Key events this week for Jobseekers
FAS Opportunities 2008 in Croke Park.
Good News for the Dublin today as ServiceSource announced the creation of 100 Multi-Lingual sales jobs in Cherrywood. ServiceSource is based in San Fran and established its EMEA offices in Dublin 2005. The company currently employs 175 staff in Ireland.
There was also good news for Belfast where Fidessa announce that it would be setting up a Development Center. This will mean the creation of 26 high skilled software programming jobs. Hey are these not the type of jobs the Government and IDA have promised us!! Apparantly we were considered but the availability of Engineers in Belfast swung it – hmmmm!!
Careers and Jobs will increase by 180,000 in Northern Ireland if plans go ahead to reduce corporation tax rate to 12.5% (similar to the Republic). Not only are we shopping in Newry and Belfast but according to some analysts we could soon be working there too. Will Inward Foreign Investment into the North compliment the South or cause further pain and job losses? Will job announcement like this week in Tralee soon be a rare event? Many would argue that they already are. Businessmen, politicians, IDA and Sir Anthony O’Reilly think it will be a benefit for the whole Island.
Careers in Northern Ireland.
So what would be the benefits for jobseekers working in the North. I will list some that spring to mind but feel free to add to the post.
1. Beef Sausages
2. Better roads
3. Potato bread and Soda’s
4. Better work life balance – No more M50 or Mad Cow Roundabout
5. Tennent’s and Harp (only joking)
6. IKEA
