Retail Jobs Ireland
It is expected that 900 jobs will be created through a major development at the Charlestown Shopping Centre in Finglas. The 2nd phase of development will start with an investment worth €135m
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.
Topaz Energy has announce a 50m euro investment with the creation of 400 jobs in Ireland. Over the next few week you will notice Topaz replacing Shell and Statoil in 350 service stations.
Interestingly Topaz are branding themselves as more than a fuel retailer. They indicated that they sold 4 million cups of coffee, 8 million cold drinks, 2 million sandwiches, 5 million newspapers and 14 million confectionery products. No mention of the famous BREAKFAST ROLLS!!
Check out their website if you are interested in jobs here.
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.
