Friday April 10, 2020

Still betting the farm on foreign direct investment

Redundancies at Molex and Novartis are a brutal consequence of our reliance on FDI

Ian Guider

Markets Editor

3rd November, 2019

The decisions by Molex and Novartis to whittle down their Irish operations by 800 jobs in the space of 24 hours brings to mind the worst days of the economic crash of a decade ago, when factories and offices were closing their doors on an almost daily basis. By pretty much every measure, the Irish economy is in much better shape than it was back then. Yet the future for many employed in multinational manufacturing...

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