Multinational firms to create 300 jobs

THREE hundred jobs will be created shortly in Cork city and Galway by two multinational firms.

Cork city is set to get a boost of 200 jobs in the new year when a NASDAQ- quoted software company worth almost $2.4 billion (€1.8bn) sets up a major European hub in the city.

Extensive evaluations of competing sites throughout Europe have been completed and it is understood the company, whose share price has almost doubled in the last 12 months, is on the cusp of naming Cork as its European HQ in the new year. The IDA and the company have remained silent on the impending announcement.