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Eight IDA-backed companies to create 185 jobs across Ireland

Eight IDA-backed companies to create 185 jobs across Ireland
High-growth companies establish European operations Shannon, Galway, Dundalk, Cork and Dublin
about 4 hours ago

Eight high-growth companies have announced a total of 185 jobs across the country, creating jobs in software development, business development, sales and marketing and tech support.
The new roles will be in Shannon, Galway, Dundalk, Cork and Dublin.
The largest number comes from automotive data management software company Renovo Motors, which is creating 30 jobs with the establishment of its Europe, Middle East and Africa (EMEA) headquarters and software development hub in Shannon, Co Clare. The new roles, which include management, software development, engineering, and business development positions, will be added over three years. ....

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Citi's Irish-based European unit sees profits fall sharply in2020

Pretax profits at Citibank’s Irish-based European unit last year more than halved to $475.69m (€401.34m) due to the impact of the Covid-19 pandemic.
Limerick native Cecilia Ronan was appointed as the head of Citibank Europe in February 2020, and new accounts show that pre-tax profits declined by 64pc in 2020. Total income decreased by 10.4pc to $2.2bn in the 12 months to the end of December last.
The business employs 10,238 people including around 2,500 in Ireland.
The directors stated that “the company’s businesses, operations and financial condition have been impacted by economic dislocations and trends caused by the pandemic”.
The directors said that despite these impacts, the business reported a post-tax profit of $443m for 2020 “and has maintained strong capital and liquidity positions with consistently strong business operations”. ....

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Pretax profit falls 64% to $475.6m at Dublin-based unit of Citibank

Pretax profit falls 64% to $475.6m at Dublin-based unit of Citibank
irishtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishtimes.com Daily Mail and Mail on Sunday newspapers.

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