Mon, 06 Feb 2023

DUBLIN, Ireland: Some 61 percent of U.S. businesses operating in Ireland intend to hire more staff next year, according to research from the American Chamber of Commerce Ireland.

Further, some 83 percent of U.S. companies in Ireland increased the size of their staffs in 2022.

The research also noted that 94 percent of U.S. firms in Ireland agrees that their corporate headquarters has a positive view of Ireland as an investment and growth location.

Meanwhile, only 4 percent of U.S. firms in Ireland said they expect to reduce the size of their staffs in the next year, while 35 percent said they do not expect to make any staffing changes in the next year.

The good news for Ireland comes even as U.S. tech giants Meta and Twitter each announced hundreds of job cuts in Ireland.

There are 900 U.S. companies with operations in Ireland -- compared to 800 two years ago -- employing almost 200,000 people, spending 12.5 billion euros on payroll, and 8.8 billion euros on goods and services, supporting a further 160,000 jobs.

Of note, one-third of Chamber members said the lack of housing in Ireland could slow their hiring plans, while 98 percent said the availability of residential housing is critical to maintaining foreign direct investment employment in Ireland.

"We are all acutely aware of the challenges that are in front of all business leaders and their employees at the moment. Challenges include the cost of energy, the highest inflation rates in many years, supply chain issues, and access to talent," said Mark Redmond, CEO of American Chamber of Commerce Ireland, as quoted by businessplus.ie.

"Because of the huge diversity of U.S. businesses in Ireland, we are currently seeing continued benefits and growth, while at the same time cognizant of the impact these headwinds can have."

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