IE
Company: Zurich
Raising Ireland’s corporation tax would stem inward investment and economic recovery
Any increase in Ireland’s 12.5% corporation tax, a long-standing carrot to inward investment and – ultimately – job creation, would have to be forced on the country by the powers that be in the EU. At the time of writing, the European Central Bank was upping the pressure on Ireland to accept an EU/IMF bailout, [...]
Just how buoyant is the Irish insurance recruitment market really?
It’s been a mixed month for employment prospects in Ireland’s insurance sector – Quinn’s decision to cut 800 roles has understandably hit hard, while AXA’s creation of 200 jobs in Dublin is reflective of international players’ desire to expand in the country. But what’s indicative of the true situation? Is, as some have suggested, the [...]
The renewed appeal of working in the IFSC
With employment opportunities within domestic banks obviously rather scarce, firms in the IFSC are currently providing the bulk of the Irish financial services jobs. Not surprisingly, they’re proving rather popular. The hiring freeze continues within Ireland’s big banks, but after a difficult period it’s the international firms in the IFSC that are creating jobs again. [...]
What options do Quinn Insurance staff have in a worst case scenario?
Although it looks possible that Quinn Insurance will be rescued from administration, the affect on employment in Ireland if the firm fails would be disastrous. If this happens, what are the chances of its redundant employees finding alternative employment? The regulator’s decision to place Quinn Insurance in provisional administration has elicited a furious response from [...]
Ireland’s new allure to insurance firms doesn’t necessarily mean more jobs
Ireland is benefiting from a raft of international insurance and re-insurance firms moving their legal domicile to a new low-tax home. However, to suggest that we’re about to see a slew of recruitment as a result may be slightly in the realms of fantasy. So far this year, XL Capital unveiled plans to re-domesticate itself [...]
Hibernian job cuts just the beginning
The decision to shift nearly 600 jobs at insurance group Hibernian in Ireland to India has been met with outrage, but this could be the way things are heading. In late June, Hibernian announced that it was moving 580 jobs across Dublin, Galway and Cork to India in a cost-cutting offshoring move. Unite, the financial [...]
Job wrap: Heavyweights bow out, banks expand
Derek Walker, chairman of Morgan Stanley Europe, and Sir John Bond, chairman of HSBC, announced their retirements last week. Walker, who will stay on as a senior advisor, was replaced by Jonathan Chenevix-Trench, chairman of Morgan Stanley’s institutional securities business and of the European management committee. Sir John Bond announced he will retire as HSBC [...]
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