Tesco Ireland to create 400 jobs
The British-owned chain is one of the bigger players in the Irish market, with 183 stores.
On Monday, the company will announce details of its investment and job creation plans.
The move will increase its total workforce in the Republic to 13,500 permanent employees and bring the number of supermarkets to 193.
READ MORE
It said 100 of the new jobs will be at its new Fermoy, Co Cork store, due to open at the end of this month.
New outlets will be a mix of express convenience stores and bigger supermarkets, the grocer said.
It will also open further outlets in counties Dublin, Galway, Louth and Meath.
Geoff Byrne, Tesco Ireland chief executive, said the investment underscores the chain's commitment to holding its position as a leading employer.
Peter Burke, Minister for Enterprise, Tourism and Employment, predicted the move will boost local towns.
Tesco maintains it is the biggest single retail buyer of Irish food and drink in the world, spending €1.6 billion a-year on products made here, more than on any other single country in the EU.
The supermarket chain's business supports 45,000 jobs directly and indirectly in the Republic, it said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Irish Times
3 hours ago
- Irish Times
Courts Service launches first Irish language strategy
The first Irish language strategy for the Courts Service in Ireland has been published. The service said the aim of the strategy is to evolve it into a 'genuinely bilingual organisation'. Irish language strategy manager Dónal Ó Gallachóir said: 'The goal is that the public will experience an active bilingual offering without delay or difficulty. 'We also aim that staff use of the first national language is actively welcomed and encouraged.' The strategy contains 44 actions across six priorities and provides a vision for the development of the Irish language across the next three years in the organisation. It aims to develop a centralised Irish language office, improve quality and availability of an Irish language service and bring about parity between English and Irish in all service provision in the Courts Service. The service said it would work to actively recruit those with Irish language skills, alongside the development of a comprehensive tailored Irish language training programme. It also said it would develop a framework for providing Irish language service to the public online, in person and on the phone. – PA
Irish Times
4 hours ago
- Irish Times
Budget must accelerate home building as infrastructure gaps risk undermining economy, says Davy
The Government must accelerate home building to meet the need for 93,000 homes every year into the next decade, Davy stockbrokers has urged in a pre- budget submission. The stockbroker said infrastructure gaps risk damaging the competitiveness of the Irish economy. 'Although there is much about Ireland's economy which remains strong, including a skilled workforce and favourable demographics, infrastructure gaps, especially in housing and energy, risk undermining our competitiveness,' the document said. 'While recent policy moves are favourable, particularly reforms to the rental sector expected to boost investment while strengthening the rights of tenants, our performance in meeting our annual housing targets has not been strong.' READ MORE Davy called for the Government to accelerate homebuilding in order to meet the need for homes in the 2030s that its analysis has identified. It said at least 93,000 new homes will be required annually. It has also urged the consideration of policies to accelerate investment in renewable energy and to broaden tax supports for private investment in sustainable enterprise. The firm said that 'sustained public and private investment' in housing and renewable energy is needed to 'support a growing workforce and to position Ireland as a leader in the green economy'. Davy also called for the next budget to address retirement security. The firm noted that, while life expectancy is rising, the burden of financial wellbeing post-retirement is increasingly placed on employees. Despite this, Davy noted that public engagement with retirement planning is low, which it said is not helped by relatively high levels of complexity across pension taxation and related products. [ Central Bank 'surprised' by lack of progress in building homes Opens in new window ] The stockbroker said its view is that the budget must include a 'significant investment' to develop the national awareness of the importance of pensions, and investing in them early. Davy also called on the Government to adjust the small gift exemption in line with inflation, having stood at a limit of €3,000 since 2003, as well as a carrying out a full review to the tax thresholds following on from adjustments made to the system in the past budget. The firm reiterated its Budget 2025 recommendations that the Government should create tax incentives to encourage listings in the budget, aiming to rejuvenate the domestic stock exchange, Euronext Dublin , and to establish an Irish equity market growth fund. The submission also said the tax treatment of investment funds is leading to the under-diversification of household portfolios and 'not only limits long-term wealth growth potential' but also 'poses broader economic risks' amid Ireland's ageing population. The tax system, under which investment funds are taxed 41 per cent on unrealised gains every eight years – the deemed disposal rule – stands above the 33 per cent capital gains taxation on other investment asset classes upon the realisation of the gain. Davy called on the Government to address this disparity in the upcoming budget, by removing the deemed disposal rule and aligning the tax rate to 33 per cent.
Irish Times
13 hours ago
- Irish Times
‘The stress is inhumane': Second Dublin council pauses scheme to buy homes of tenants at risk of homelessness
The number of families at risk of homelessness due to the lack of funding for the tenant-in-situ scheme has risen to more than 160, after a second local authority in Dublin paused applications. The scheme allows local authorities to buy properties that host tenants facing eviction because the landlord is selling. It applies to tenants who have received a notice of termination, are deemed at risk of homelessness and who qualify for social housing support such as the Housing Assistance Payment (HAP) or the Rental Accommodation Scheme (RAS). New restrictions were applied to the scheme this year, including a stipulation that the home must be in the HAP or RAS system for at least two years. READ MORE There have also been lengthy delays in the issuing of Government funding to the scheme, as Minister for Housing James Browne conducted a review of its terms. In June, Dublin City Council confirmed it had paused all new applications to the scheme as its 2025 budget had already been allocated. The council had 104 applications to the scheme by March. Fingal County Council has now confirmed it is in the same position and will not be proceeding with any more purchases under the scheme. In a letter sent to Sinn Féin TD for Fingal West Louise O'Reilly, the local authority said its budget for 2025 'has been exhausted' after it made 32 acquisitions under tenant in situ, with one remaining sale going through the conveyancing process. This compares to 121 tenant-in-situ acquisitions made in 2024. 'There were 60 tenant-in-situ applications that were paused at the beginning of the year and did not proceed due to limited funding,' the council said. [ More than 100 families in Dublin at risk of homelessness as tenant-in-situ applications paused Opens in new window ] One of those applications was by a woman and her young child who are living in rental accommodation in Balbriggan. Ms O'Reilly said the woman's child was due to start school in the area in September but now they are at risk of homelessness. The woman received a notice to quit in August 2024 and applied for the tenant-in-situ scheme in March. Ms O'Reilly said the woman understood she was accepted for the scheme until she learned last month about the council pausing applications. 'The stress she is under is inhumane. She has also lost valuable time that she could have been searching for somewhere to live while believing that the tenant-in-situ purchase was ongoing,' Ms O'Reilly said of her constituent. 'The Government has now literally removed the only homeless prevention measure that my constituents had. It is beyond heartbreaking to see the human impact of this decision on families and especially on children,' she said.
