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100 JOBS are to be created over the next five years by a software development company specialising in financial IT services.
JRI America, a subsidiary of Japan Research Institute Ltd, will create the positions at Kerry Technology Park in Tralee. Recruitment for the highly-skilled positions is already underway.
The Tralee operation will support IT operations for JRI’s parent company Sumitomo Mitsui Financial Group in the Western hemisphere, including operations in the US, UK and Dubai.
The jobs are being transferred from operations in India.
Arts minister Jimmy Deenihan, a local TD who announced the positions this morning, said the investment showed “our capacity to provide an increasingly competitive, business‐friendly environment in which technology companies can grow and develop”.
JRI America president Michael O’Dea said Ireland offered the company “a unique opportunity where there is not only strong government support for innovation and business, but also a deep pool of talented people with strong technical skills from which to build our team.”
The Industrial Development Authority welcomed the news, saying the south-west was an important regional target for job creation.
Sumitomo Mitsui Financial Group owns Japan’s second-largest bank, and employs over 61,500 people around the world. Its current market value is some €29.6bn.
News of the jobs came hours after Google announced it was building a new €75m data centre in Dublin, in a move which will create 200 temporary construction jobs and 30 full-time positions.
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Sounds like a Ponzi scheme… Buy a share over the Internet in a place that could be a very artfully photographed Priory hall. Demand is high, the asset is way over valued. The initial investors cash out at the maximum and when the asset plummets in value and the shares become unsellable, the late investors loose everything. Also seems like it’s completely unregulated and open to abuse by those with inside information as to the value of the assets and property shares.
This sort of scam is nothing new, been several schemes shut down the UK selling people ‘shares’ in London green belt land and selling them on the fact that it could be reclassified for development and increase in value 100 fold.
Well, I guess we have learnt over the last few years that there is no shortage of gullible people out there when it comes to property, especially the Irish!
Crowdfunding? a bid like NAMA in ways.
Fianna Fail would love this…..
i doubt mr tully would appreciate seeing his house thats for sale for almost 450,000 being used at the top of this article
So more foreign direct investment ready to make our property crisis even worse. Good man Enda look the other way as usual.
Hmmmmm.
No bona fide purchaser for value without notice. What could possibly go wrong?
What has equity’s darling got to do with this; what am I missing?
Does this solve the homeless crisis in Ireland? Do we have the same population as the UK with ready cash? This business solution is well on the way by an Irish company by Irish people and they will only be investing in Social houses so we can solve our own problems thanks!
Some tips to reduce rents: (1) govt cancel new 4% prsi tax on rental income (2) govt cancel new 7% usc tax on rental income (3) treat landlords as a business meaning cancel the 25% reduction in mortgage interest against rental income for purpose of calculating tax liable income. All 3 plus property tax have lead in my case to an effective 26% increase in the cost of renting out property which ive not yet passed on. But many landlords in dublin have. Guys THE GOVT HAS TAXED RENT INTO OBLIVION and wonder why rents increase but oh yeah they dont tell Joe Soap this little secret. …..
A lot of women in UK. are using this type of “crowdfunding investment”, to have a property portfolio to eventually make themselves a good pension, time will tell if it works, to me there seems to be a lot of costs involved, for what you might get out of it. Will this start another property bubble? I think so I wouldn’t like to see this happening here again. I am very interested in what Louise has said, how would that work? Would there be rent controls, I heard a TD. talk about that, and said the leases would be 20 years, but these are families, only investors would tuff them out of their home! That won’t work., people need homes of their own,for life, to rent or buy,That is a real need in Irish people.
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