Stephen Kinsella: 'Tiny open economies like Ireland are more vulnerable than most to negative technology shocks'

Stephen Kinsella: 'Tiny open economies like Ireland are more vulnerable than most to negative technology shocks' View Gallery
Maurice O’Connell, general manager of the HP site in Leixlip, speaks to the media to confirm that 500 jobs will go at the facility Photo: RollingNews.ie

We should expect to see more announcements like HP

Last week, Hewlett Packard announced it was removing 500 jobs from one of its Irish facilities. The move reminded many of Dell’s decision to move its production facility from Limerick to Poland in 2009, and threw Ireland’s relationship with the many multinationals who use us as an export hub to the European Union into sharp relief.

Multinationals are good for the Irish economy. They bring many benefits, not the least of which are hundreds of...

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