Jobs at the IFSC on the up after a three year slump

Good news on the jobs front as the numbers employed in Dublin financial centre creep back towards a 2007 peak.

EMPLOYMENT AT THE Irish Financial Services Centre in Dublin has increased for the first time in three years, according to a new survey.

The number of people employed in the Custom House Docks area financial hub had been in decline since a peak of 25,057 at the end of 2007. By the end of 2009 that number had fallen to 24,692, a loss of 365 jobs. However, by the end of December 2010 the number of people employed at the IFSC had crept back up to 24,761, an increase of 69 jobs on the previous year.

The survey, conducted by Finance Dublin reveals that over 100 companies are expanding, notably in the funds and insurance sectors. It also shows that even in the hardest hit sectors of banking and credit-related businesses, there is some growth. The survey examined employment at 450 of Ireland’s international financial services businesses.

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