Pharmaceutical giant plans 1,000 jobs in €650m Cork investment

UP TO 1,000 jobs are expected to be created in Cork following yesterday's announcement of a €650 million investment by pharmaceutical giant Johnson and Johnson.

Some 330 hi-tech jobs will be created at a plant in Ringaskiddy with a spin-off of at least 660 more ancillary jobs in the services and construction industry.

IDA Ireland South West director Mary Buckley said the rule of thumb is that for each new hi-tech job there is a spin-off of two other jobs.