Tyco scooped the prestigious Cork Company of the Year award at Cork Chamber’s annual gala dinner at City Hall last night.

Some of the country’s most prominent business leaders have warned against squandering the country’s vulnerable economic recovery in the general election.

The controversial merger of Tyco and Johnson Controls will yield significant benefits for the newly combined company in Cork when the deal completes later this year, its head of its Irish operations says.

The new office block on Cork’s Albert Quay will be “Ireland’s smartest building” when it opens in two months time, according to one of its new tenants.

Taoiseach Enda Kenny yesterday heralded the turning of the sod on what will be the biggest office block ever constructed in Cork as an exceptional day for the city.

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.

A global giant that quit manufacturing in Ireland in 2008 has returned with a bang — creating 500 jobs at a global business services centre in Cork.

RISING operating costs were blamed yesterday for the loss of 320 Cork jobs.