PayPal jobs announcement signals strong investor confidence in Ireland and Co. Louth – D’Arcy

Today’s announcement of 1,000 new call centre jobs to be created by US electronic payments company, PayPal, in Dundalk signals strong investor confidence in Ireland and a huge boost for the people of Dundalk, according to Fine Gael Louth Senator Jim D’Arcy.

“This news will have a major impact not only on the town of Dundalk but on the entire region. An additional 1,000 jobs will impact greatly on the lives of those who secure the positions, as well as having positive knock-on effects for the local economy.

“The rate of unemployment in this country is still unacceptable but the Government is working hard to reverse the damage inflicted on our economy, and on our people, over the last ten years.

“Measures contained in the Finance Bill and in the recently announced Action Plan for Jobs, identified sectors such as financial services, the green economy and digital gaming that have the potential for future growth. With the right support from Government these sectors can, and will, be expanded upon for significant job creation.

“PayPal has been expanding its business in Ireland since its arrival in 2003, with its European headquarters now based in Blanchardstown, Dublin. Today’s announcement for Dundalk comes on the back of a raft of major jobs announcements across the country in recent weeks in companies like Sky, HP, Big Fish Games and Abbott Pharmaceuticals, to name a few. These jobs highlight the importance of maintaining our current corporation tax rate of 12.5% which the Government has steadfastly and successfully defended.

“The Action Plan for Jobs outlined a regional dimension to the Plan with 50% of investments to be made outside Dublin and Cork. I am thrilled that an investment of this scale has been earmarked for Dundalk and I commend the IDA, the Government and all involved in making it a reality.

“Our aim now for the future is to move out of crisis management where the economy is concerned and into the area of jobs, growth and investment. We still have a long way to go to get Ireland back into the top five most competitive countries in the world, but we can and will do it.

“This news is a fantastic boost for the people of Dundalk and everyone in Co. Louth and recognises the talent of the workforce here and all that the county has to offer. I look forward to welcoming PayPal to the region and seeing the effects that this investment will have into the future.”