Jan 14

Jobs Boost: 500 New Positions as Swiss-Based Security Giant Tyco Returns

Enterprise Minister Richard Bruton  Ralph RiegelIRELAND savoured a 500 job boost as a leading Swiss-based security firm confirmed a multi-million Euro investment.

Tyco is to create 500 new jobs in Cork just six years after the firm shed 320 staff after closing its manufacturing division and transferring operations to a low labour cost country.

The closure of the firm’s Bishopstown operation was one of the biggest single industrial job losses of the opening year of Ireland’s recession.

However, Tyco are now to create 500 new jobs as part of a fresh electronics investment in Bishopstown.

It is understood the jobs will be in a business services centre.

The Government and the IDA have hailed the firm’s decision to re-establish an Irish operation.

Enterprise Minister Richard Bruton said the investment represents a major morale boost for Irish industry – and he said it has been a hugely positive economic start to the year.

The announcement came just 72 hours after over 300 other new jobs were confirmed for Cork.

US pharmaceutical firm, BioMarin, is recruiting 100 staff as part of their roll-out of a new Cork plant which will make drugs for the treatment of rare diseases.

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