US political pressure holding up new jobs

POLITICAL pressures on US companies exporting jobs out of America is holding up a raft of significant job creation investments in Ireland.

US companies cutting jobs in the US and moving work to low cost countries has become a major political issue in the run up to November's Presidential election.

IDA chief executive Sean Dorgan yesterday confirmed that just 14 of 42 significant job creation investments approved by the IDA this year have been announced.