Fidelity Investments set up its Ireland office in Galway in 2006 and now has over 180 employees in the country. It recently announced plans to open a new Center of Excellence in Galway by end of 2021 and aims to grow its workforce in Ireland to 300 by end 2023. The new center demonstrates Fidelity’s commitment to expanding operations, R&D, supply chain, customer service, IT, finance and other business functions to support its growing customer base across EMEA. The region’s high-skilled talent pool with strong language capabilities was a key factor in Fidelity’s decision to ‘settle’ in Galway.
Fidelity Ireland to Add 90 New Technology Jobs
Fidelity International’s Irish arm announced it will add 90 new full-time positions to its technology teams in Ireland, further expanding its footprint. 60 of these jobs will be based at its Galway site with remaining 30 in Dublin. As one of world’s largest investment managers known primarily for managed mutual funds, Fidelity International manages $7.3 trillion of client assets globally and employees about 40,000 people worldwide including over 1,100 in Ireland.
Takeda Investing €36 Million to Expand Irish Cell Therapy Manufacturing Site
Japan’s largest pharmaceutical company Takeda is investing €36 million to expand its Grange Castle facility in Ireland to support the growth of this cell therapy manufacturing site, one of the first commercial-scale facilities of its kind in Ireland. The investment will create around 100 new jobs over the next 3 years. The expanded site will play a key role in supplying cell therapy products to European, US and Canadian markets.
BT’s New Procurement Firm BT Sourced Announces Dublin Opening
BT Sourced, the new independent procurement arm of UK telecom giant BT Group, will open 70+ jobs based in Dublin. As one of world’s leading communications services providers serving customers in 180 countries globally, BT has significant operations in Ireland. BT Sourced aims to simplify and speed up BT’s global sourcing through technology innovations including AI-driven digitization for its worldwide supplier base. Dublin was chosen as BT Sourced HQ given the city’s emergence as a hub for large technology enterprises and startups.
Microchip Investing $20M For New Development Center in Cork
California-based semiconductor manufacturer Microchip announced a $20 million investment to build a new development center in Cork, Ireland. Slated to open in Q1 2021, it aims to create 60 jobs over 3 years, potentially ramping up to 200 jobs in 7 years. Located near city center with an engineering lab supporting cutting edge innovation, the new center will augment Microchip’s existing Irish operation and boost engineering talent pool in critical skills.
In recent years, Ireland has attracted significant high-quality FDI in sectors like financial services & funds management, ICT & software, biopharma and medtech. Apart from strong language skills and high availability of STEM talent, Ireland’s business friendly policies, stable political climate and commitment to innovation have fueled this foreign investment boom.