The stability and talent on offer in Ireland gave specialist security company Tyco the opportunity to do something transformative in moving their global headquarters to Cork city centre, where further jobs could be added in the future.
Tyco International Vice President and General Manager, Donal Sullivan said that the company’s past experience and familiarity in Ireland also played a part in the country beating off global competition to become the firm’s new headquarters.
Speaking to the Irish Examiner, Mr Sullivan added that the city centre base Tyco has secured at 1 Albert Quay - but will not move into for approximately 18 months - was seen as preferable to their current base in Mahon as a more desirable destination for the type of employee the company is looking to recruit.
“For Tyco, it’s the stability and the business-friendly environment that they’ve encountered here that’s the most attractive to them. The fact that we’re going to have a sizeable organisation here [and] we can get the talent the company wants, it made sense to co-locate the two things. Tyco as an organisation has a very long, very successful experience in Ireland and that weighed heavily.
“We carefully considered whether we would go to a city centre location or somewhere outside the city and it was a deliberate decision that Tyco took. We saw this as an opportunity to do something transformative in the city so that was appealing to us. Also, Tyco is becoming more and more of a technology and innovation company and as we do that we’ll be looking for lots of software developers and R&D people... our research says that a city centre location is very appealing to that demographic,” said Mr Sullivan.
The competitive advantage Mr Sullivan is hopeful the city centre location will afford the company could be crucial in filling the hundreds of roles on offer in Cork.
Explaining that Tyco’s ambitions are “probably bigger” than when 500 new jobs were announced for a new business services centre in January, the Cork native admitted that the company is now hoping to add 600 people to its workforce in the city and possibly more.
The transition of the firm’s headquarters from Switzerland to Cork will not lead to additional jobs immediately but could see roles being added in the future.
Another advantage of eventually relocating to 1 Albert Quay is that it offers excess capacity to accommodate additional staff, Mr Sullivan said.
He also warned that maintaining competitiveness was crucial if the country is to support the recovery that has been seen of late. Describing lower costs as “a gain of the bust”, he added he was confident that the country would not return to the irresponsible lending that had fueled the previous property price and cost inflation.
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