Nestle to hike food prices further in 2023; CEO

Nestle’s chief executive Mark Schneider told a German newspaper that the company will have to increase the prices of its food products further this year to make up for higher production costs that it has not yet fully passed along to customers. The increases won’t be as sizable as they were in 2022, but “we … Read more

Ryanair gets bumper profits as it enjoys ‘pent-up travel demand’

Ryanair reported profits of €211 million for the past three months, almost tripling those of the same period prior to the introduction of Covid. The low-cost airline claimed that “pent-up travel demand” during the October half-term and the Christmas holidays contributed to the strong quarter. It made €88 million for the same quarter prior to … Read more

IBM and SAP to cut thousands of jobs in latest tech sector layoffs

Two significant employers in Ireland, German software giant SAP, and American tech giant IBM plan to cut their global workforces as part of the most recent round of layoffs in the technology sector. In connection with some asset divestments, IBM disclosed 3,900 layoffs on Wednesday. James Kavanaugh, the company’s chief financial officer, said that the … Read more

White Moose Cafe closes as Charleville Lodge gets new owners

The White Moose Cafe owner Paul Stenson has marked the ‘end of an era’, announcing the sale of his family business Charleville Lodge. The ownership of Charleville Lodge will change on January 31, according to Dublin Live, as Mr. Stenson revealed in an emotional post on social media. He and his parents were given “an offer they couldn’t … Read more

Aldi announces 360 new jobs across the country

Aldi has announced it will create 360 new jobs across the country and open six new stores this year ahead of the introduction of the €13.85 per hour Living Wage for its staff on minimum wage on 1 February. In addition, starting on February 1st, it will be the first supermarket in Ireland to implement the new Living … Read more

Lufthansa Technik to hire 25 aircraft mechanics at new Shannon facility

As it expands operations in Clare with the opening of a new manufacturing facility, a subsidiary of the Lufthansa Group will add 25 new jobs at its base in Shannon. Further job creation at the location is anticipated for later this year, according to Lufthansa Technik Turbine Shannon (LTTS). “We already doubled our productive headcount … Read more

Local Enterprise Office clients created over 7,800 new jobs in 2022

Minister for Enterprise, Trade and Employment, Simon Coveney, announced the annual results for the Local Enterprise Offices (LEOs) for 2022, which showed that LEO supported companies created 7,870 new jobs in 2022. This was the third highest year of job creation by the LEOs since their inception in 2014 and meant a net employment gain … Read more

Tesla slashes Irish prices for its cars

As part of a global effort to lower the price of its cars, electric vehicle manufacturer Tesla has drastically reduced its prices in the Irish market. The move aims to bolster demand as Tesla faces falling sales amid recession fears and heightened competition, some analysts and investors said. The price reductions are sufficient, according to … Read more

US cybersecurity company to create 120 jobs in Dublin

US-based cybersecurity company Threatlocker announced that it will create 120 jobs by the end of the year at its office in Dublin. The company’s headquarters for Europe, the Middle East, and Africa will be in Blanchardstown. ThreatLocker had initially declared plans for the office in early 2021, anticipating that it would generate 50 jobs there. … Read more

Sale of new electric vehicles increased 81% in 2022

The number of electric cars registered for the first time rose sharply in 2022, according to new data from the Central Statistics Office. With a total of 15,462 new electric cars licenced for the first time in 2022—just over 15% of all new cars registered—electric car sales increased by 81% year over year. Additionally, more consumers chose … Read more

Amazon CEO says job cuts to exceed 18,000 roles

As part of a previously disclosed workforce reduction, Amazon.com Inc. will now be eliminating more than 18,000 roles, according to Chief Executive Andy Jassy in a public staff note on Wednesday. The company’s e-commerce and human resources departments will be the most affected by the layoff decisions, which Amazon will announce starting on January 18, … Read more

Irish-owned energy company’s expansion to create 225 new jobs

A major expansion of its operations in Ireland has been announced by the Irish-owned company Hanley Energy, which has its European headquarters in Meath. The plans call for hiring 225 people, opening a new manufacturing facility in Monaghan, and expanding the company’s current location in Dundalk, County Louth. Along with highly skilled engineers in the … Read more