450 e-learning jobs promised in €350m plan

THE global Irish education company Houghton Mifflin Harcourt (HMH), formerly Riverdeep, made history yesterday with its €350 million R&D project into e-learning to be located in Dublin. The initiative also promises 450 jobs.

That €350m figure could double in five years, a source close to the company told the Irish Examiner which could see over €700m ultimately invested in this major initiative by the group. As it stands, this is still the single biggest R&D project ever, by either a multinational or an Irish firm.

Glanbia set the benchmark previously for an Irish-owned company with a €40m facility located at its Kilkenny headquarters while the figure for an overseas company is significantly higher at €70m.