Multinational firms added more than 24,000 new jobs in 2022, but momentum set to slow next year

The number of people directly employed in the multinational sector rose by 9%

Companies in the tech sector were forced to slim down this year but other players, including pharma giants like Pfizer continue to invest.

Ireland’s multinational sector continued to grow and boost jobs this year amid mounting economic headwinds, but momentum is expected to slow in the second half of next year, according to IDA Ireland.

IDA, which is responsible for securing foreign direct investment (FDI) into Ireland said that it is expecting a “positive pipeline” of contracts for the first half of 2023.