300 New R&D Jobs Announced

Also in your business news, the midlands is the only region to see a decrease in net jobs in 2023.

300 new research and development jobs have been announced for Dublin.

Twin companies APC & VLE Therapeutics are to establish a new R&D campus in Cherrywood - at a cost of €100 million.

The Irish-owned multinational will double its workforce to 600 with the new roles.

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The midlands was the only region to see a decrease in employment in client companies of Enterprise Ireland last year.

The region saw a one percent drop in the number of net jobs in 2023, with 25 thousand people employed in Enterprise Ireland-supported businesses.

Every other region in the country saw an increase in net jobs, with the West and North-East seeing the largest growth, at five percent respectively.

Nearly seven in ten new jobs created by supported companies were based outside of Dublin.

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Ryanair expects to be up to 10 aircraft short this summer because of ongoing Boeing delivery delays. 

Boss, Mullingar's Michael O'Leary, has told the Financial Times the airline was supposed to have 57 by the end of April. 

He thinks the impact will likely mean that it will now only carry 200 million passengers - 5 million fewer than previously forecast.

Production issues are being blamed.

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People spent less money in bars and specialised food shops in November of last year, when compared to the same time in 2022.

The volume of retail sales was up by 0.8% overall, according to the Central Statistics Office.

The motor trade, furniture and lighting, and sales online all saw increases.

However there was a 13.6% drop in purchases from department stores, while bars record a six percent drop in sales.

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Looking at today's Currency Markets, €1 buys you £0.86 and $1.09.
While the ISEQ Index of Irish Shares is at 8722, down .01% since the opening.

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