Molex and Novartis cuts remind us we can’t take FDI for granted

The very nature of foreign direct investment means that tens of thousands of Irish people’s livelihoods are at the mercy of cold decisions made in boardrooms scattered across the world

27th October, 2019

Heather Humphreys spent more time in Munster last week than she’d planned to. The Minister for Business was due to launch a review of Ireland’s SME and entrepreneurship policy with OECD deputy secretary general Ulrik Vestergaard Knudsen in Dublin on Wednesday. Instead, she found herself in Shannon chairing a hastily convened meeting in response to the shock loss of hundreds of jobs.

The arrival of US manufacturing firm Molex in Ireland...

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