Global retailer to create over 500 Irish jobs

11:29, June 25, 2011      

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Grocery retailer Tesco on Friday announced a significant investment in Ireland over the next year, saying ten new outlets would be opened across the country.

The move will be a welcome boost to Ireland's struggling economy, creating jobs both within the stores and during their construction.

The company said, as part of a 120 million euro investment that started in March, 522 new jobs would be created in the greater Dublin area and in replacement work on stores outside of the capital. Already, 235 positions had been created in the past four months in new stores, with plans by the end of the year to have four new supermarkets and seven express stores built in total. it said.

Tesco estimates the expansion will also generate 548 jobs in construction, the area of employment most severely hit by the recession. With national unemployment now over 14 percent, the Irish government has said foreign investment is vital for the country's recovery.

Speaking at the announcement, Irish Minister for Jobs Richard Bruton said Tesco was making a "very significant" investment in the retail sector, which had lost 50,000 jobs in the past three years of recession.

"This is a time of challenge for Ireland, and one of the things about having international stores is that it is a showcase and a good opportunity for Irish producers to get space at home and opportunities abroad. I'm urging every sector that I visit to build an export-led recovery," he said.

Bruton said the government was focused on creating an environment "where entrepreneurs and growing businesses can create jobs," urging Tesco and other global retailers to continue putting Irish products on shelves all over the world.

Source: Xinhua
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