Fine Gael Cork South West Deputy, Jim Daly, has today (Tuesday) said the announcement of 35 new jobs for Kinsale further cements Ireland’s reputation as a life sciences hub and an attractive location for foreign direct investment.
“This morning, the Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, announced the creation of 147 new jobs from US and European companies who are locating to Cork and Dublin. These companies cover a range of areas which the Government has been focused on developing, such as ICT, medical technology, financial services the digital media and, life sciences.
“German based provider, IMSTec, is establishing a service support, research and development competency centre here in Kinsale, with the creation of 35 high tech jobs. This is fantastic news for Kinsale and recognises the talented workforce, good infrastructure and attractiveness of Cork South West as an area for foreign direct investment.
“IMSTec provides manufacturing solutions to some of the biggest pharmaceutical companies, who themselves are already based in Ireland, such as Allergan, Boston Scientific and Abbott. The company has cited Ireland’s positioning in relation to the US and Europe as one of the reasons for locating here. This will help the company to develop new clients and grow the company further.
“Through the Action Plan for Jobs, the Government has been paying particular attention to emerging sectors and those with significant potential for growth into the future. These jobs are being supported by the Department of Enterprise through IDA Ireland’s Emerging Business Division, which continues to win high-value jobs for Ireland.
“Slowly but surely, we are getting our people back to work. Private sector employment has started to grow for the first time in four years, as large numbers of new jobs are created in the high-tech sector and in IDA-supported companies, among others. Since the beginning of last year more than 100,000 people have come off the live register. Unfortunately, due to the transition that is taking place in the economy, where we move from the old, failed economy of the past to a more sustainable approach based on enterprise, innovation and export, unemployment figures remain stubbornly high.
“The plan is starting to work, however, with employment in the exporting sector registering an increase in jobs, following the loss of a net 40,000 jobs in the three years to 2008-2010. These jobs will come as great news for Kinsale and I look forward to seeing the benefit they and IMSTec bring to the wider region.”