Job creation? October 2, 2013Posted by WorldbyStorm in Economy, Irish Politics.
From the SBP:
Half of the ‘new’ jobs announced last Thursday when the Taoiseach officially opened Dell Bank in Dublin already existed. They were employed at a ten-year-old Dell joint venture that was bought out by the company in 2012.
It’s interesting. The SBP noted:
A spokeswoman confirmed to The Sunday Business Post that 100 of the 200 jobs ‘created’ by the establishment of Dell Financial Services were being filled by people who previously worked on Dell customer business with CIT, Dell’s vendor finance partner – which means the net job creation is actually 100. The company said it hoped to hire 100 more in the next three years.
I am delighted that Dell is creating 200 jobs by selecting Ireland as the location for this strategic venture. At a time when we are working to rebuild the economy and the financial services sector it is a great vote of confidence for us to have a company of Dell’s calibre select Ireland as the home for its financial services business. I would like to thank Dell for its continued commitment to Ireland.
If one goes to the Independent report on the jobs statement it’s unclear whether their figure of 300 new jobs rolls all those numbers together to get the 300.
The computer giant is creating a “Dell Bank” in Dublin, having already been awarded a banking licence by the Central Bank of Ireland.
It is hiring 200 new employees immediately and is going to hire another 100 over the next three years.
But at the least it calls into question the following:
Dell currently employs 1,200 people in Dublin, 1,100 in Limerick and 200 in Cork.
The new jobs will bring its total workforce here to 2,800.
Should that be 2,700?
Interestingly the Irish Times used a slightly different formulation, in a piece (with additional reporting from Bloomberg):
Technology firm Dell will add 200 employees to its staff numbers as the company opens its banking services in Ireland.
That number is expected to grow to 300 as Dell Financial Services expands.
It’s sort of dispiriting to scroll through google page after google page where there’s no hint that the announcement may be less than it appears.