Most US multinationals plan Irish employment increase

Updated / Friday, Getty The American Chamber of Commerce Ireland is releasing the survey as it prepares to celebrate the 250th US Independence Day Brian O\u0027Donovan By Brian O'Donovan Work & Technology Correspondent A survey of members of the American Chamber of Commerce Ireland has found that 90% of respondents plan to increase or maintain employment numbers in Ireland over the next year. Almost half said they plan to increase employee numbers in the next 12 months, while 70% said their corporate headquarters plan to invest further in Ireland over the next five years. A third of respondents said cost competitiveness is the most important challenge for Ireland to overcome for investment and expansion, followed 27% of those surveyed. Over half of respondents said Ireland's current energy infrastructure and security of supply is a competitive disadvantage relative to other locations. Two-thirds said they plan to increase investment in AI, automation and data analytics initiatives in the next 12 months, while 51% plan to invest in employee upskilling. Over a third said greater EU competitiveness and productivity would be the most successful outcome of Ireland’s EU Presidency for their business. The American Chamber of Commerce Ireland is releasing the survey as it prepares to celebrate the 250th US Independence Day at a an event in Dublin today, which will addressed . "The US-Ireland relationship has evolved into one of the world’s most successful economic partnerships, built on decades of investment, innovation and collaboration," said American Chamber of Commerce Ireland CEO Paul Sweetman. "While volatility is likely to remain a defining feature of the decade, stability, predictability and trusted partnerships will become more valuable. "Ensuring that Ireland remains competitive is critical to maintaining success. "This year, our Independence Day celebration coincides with both Ireland’s EU Presidency and the United States 250th anniversary. "Through continued collaboration, I am confident that Ireland can drive on from a position of strength and the two-way transatlantic relationship will thrive," Mr Sweetman said.