Trends in Ireland’s Employment Market
The employment market in Ireland has experienced significant growth in the beginning of 2019, with the country's unemployment rate reaching its lowest level since February 2008. According to the Central Bank, there is a projected creation of 89,000 new jobs in the Irish economy over the next two years, resulting in a record employment figure of 2.3 million. Currently, the employment rate stands at 5.6%, and the Central Statistics Office (CSO) reports that 50,500 people joined the workforce in 2018.
Ireland's prominence in the STEM industry is noteworthy, with the country being home to:
- 9 of the top 10 global pharmaceutical companies
- 9 of the top 10 software companies
- 12 of the top 15 medical tech companies
The pharmaceutical industry is experiencing growth, evident through job announcements and expansions by companies such as Aerie Pharmaceuticals and Chanelle Pharmaceuticals. These developments have led to the creation of 350 jobs in Galway.
Electronics and Technology Sector
In the electronics and technology industry, Valeo in Galway has recently announced a €44 million investment to establish 50 new R&D positions. This field presents exciting opportunities to work on cutting-edge technology, particularly in the realm of autonomous cars. Additionally, EML Payments has plans to expand its Galway operations and employ 20 individuals, while EMCA, an automation company in Cavan, intends to create 42 new jobs over the next three years.
Ireland boasts a diverse range of technology companies, including Cisco and First Data, alongside successful indigenous firms. The demand for software engineers and developers in this sector is high.
The medtech sector is another area experiencing significant growth. Boston Scientific, a global leader in less invasive medical devices, offers numerous job opportunities in engineering, IT, supply chain, HR, and science across its three sites in Ireland. With almost 6,000 employees in the country, Boston Scientific continues to expand, particularly in its Galway facility.
There is a substantial demand for language-related jobs in Ireland, particularly for professionals fluent in German, Spanish, and French.
Supply Chain Sector
The supply chain and logistics sector is witnessing an increase in job opportunities, including roles such as buyer/planners, sourcing specialists, demand planners, value stream managers, and supply chain managers. The removal of trade barriers has facilitated increased export by EU firms, leading to a surge in logistics-related positions. Consequently, there is a growing need for supply chain specialists with strong negotiation skills to interact effectively with suppliers.
These companies offer diverse job opportunities in Ireland, ranging from manufacturing and quality engineering roles to R&D, supply chain, production, and language-related positions.
At HERO Recruitment, we are proud to partner with some of the world's leading medical device, pharmaceutical, and manufacturing companies.
If you're interested in exploring job opportunities in Ireland, contact us at our Galway office on +353 91 730022, Cork office on +353 21 2066287, or Dublin office on +353 1 6190279.
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