Irish Minister: IBM Jobs Plan Is Boost For Ireland

Date : 05/18/2012 @ 1:30AM
Source : Dow Jones News
Stock : International Business Machines Corp. (IBM)
Quote : 158.42  -1.84 (-1.15%) @ 10:21AM
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Irish Minister: IBM Jobs Plan Is Boost For Ireland

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International Business Machines Corp. (IBM) plans to create "several hundred" new jobs at a new global services facility in west Dublin, the Irish government said Friday, providing a boost for the troubled Irish economy.

"It is a great vote of confidence in the people of Dublin west ... and in the government's jobs strategy," said Joan Burton, a senior minister in the coalition government.

The government is depending on exports from a large number of foreign-owned firms, like IBM, to help pull Ireland out of a deep banking debt crisis. It is obliged to bring in more austerity measures to meet the terms of a bailout it struck with the European Union and International Monetary Fund in late 2010.

IBM is already one of Ireland's largest exporters. It employs more than 3,000 people in software, support and research facilities in Cork, Galway and the Irish capital Dublin.

-By Eamon Quinn, Dow Jones Newswires; +353 1 6762189;

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