Dáil debates

Tuesday, 20 November 2018

Finance Bill 2018: Report Stage

 

8:30 pm

Photo of Michael D'ArcyMichael D'Arcy (Wexford, Fine Gael) | Oireachtas source

Deputy Burton highlighted the financial services sector. To provide some context, not all financial services jobs are on the riverside and in the docklands. About one third of all jobs in the sector are in companies outside County Dublin, including some large employers. For example, Northern Trust in Limerick employs 1,400 staff, Pramerica in Letterkenny has more than 1,000 staff, State Street employs more than 500 staff and BNY Mellon, which has a large number of staff in Dublin, also has offices in Wexford and Cork where it employs hundreds of people. About one third of the 43,000 staff who are employed in international financial services are outside County Dublin. Significant energy has been going into efforts to attract these jobs to the regions.

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