On December 15, after years of spending cuts and tax rises, Ireland will become the first of the rescued eurozone countries to exit its EU-IMF bailout programme.
Dublin had to move the economy away from reliance on property “to move to a sustainable economy built on enterprise, innovation and exports,” the minister with responsibility for jobs and innovation, Richard Bruton, said.
Ireland targeted the IT sector because “it’s a very dynamic sector”.
“It helps a lot not only in the direct employment it creates but it creates a very exciting enterprise culture where there’s a lot of start-ups happening — Irish-owned as well as foreign-owned.”
Facebook set up in Ireland in 2009 and last month said it was moving its international headquarters in Dublin to bigger offices for up to 1,000 staff.
Earlier this month, Microsoft announced a second expansion of its data centre in Dublin in an investment worth 170 million euros.
However, despite the willingness of high-profile companies to invest in Ireland, a skills shortage is leaving many of the jobs they create unfilled.
A report from Fast Track to IT (FIT), a non-profit industry-backed organisation which liaises with lawmakers and the education sector, revealed there were 4,500 unfilled jobs in the sector.
With nearly 300,000 people unemployed, a rate of over 12 percent, the unfilled positions look to many like a missed opportunity.
“There’s a mismatch of skills,” said John Dennehy, project director of Make IT in Ireland, another industry-backed initiative.
“You cannot take someone who is unemployed that hasn’t worked in the tech sector and make them an experienced software developer in a short period of time.”
Chosen excerpts by Job Market Monitor. Read the whole story at