McAfee quits Holland to set up here

McAFEE Inc is to locate its European headquarters in Cork creating 152 highly skilled and well-paid jobs. The firm develops anti-virus software to protect computer systems.

It is located in Holland, which loses out as a result of this decision.

McAfee has been attracted here by the low 12.5% corporation tax. Holland's rate stands at 34%. Trade Minister Micheál Martin made the announcement in the US yesterday. He is on a week-long marketing trip there with IDA Ireland.