IDA firms shed 2,500 jobs a year

The IDA has recorded a net loss of 2,500 jobs a year between 2008 and 2011 as multinationals cut back during the recession.

In response to a parliamentary question from Sinn Féin’s Martin Ferris, jobs minister Richard Bruton admitted that IDA-supported companies had lost 10,000 jobs between 2008 and 2011.

Mr Bruton revealed the IDA created 34,579 jobs between 2008 and 2011, but during the same period 44,650 jobs were lost in IDA client companies.