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IDA aims to deliver 100,000 jobs by 2014

Employment - IDA hoping to attract 640 new FDIs
Employment - IDA hoping to attract 640 new FDIs

IDA Ireland aims to deliver 100,000 new jobs by 2014, under a strategy to attract and maintain foreign companies investing in this country.

The agency is hoping to attract 640 new Foreign Direct Investments in the next four years, with 50% of them located outside Dublin and Cork.

The new strategy titled Horizon 2020 sets out a roadmap for attracting global corporations over the coming decade.

Horizon 2020 will see the IDA work with companies already in Ireland and with companies from the world's emerging markets to invest in Irish facilities.

Meanwhile, a report released earlier today by State training agency FÁS said 250,000 new jobs are expected to be generated in the economy between now and 2015.

However, they said there will still be 80,000 fewer people in work in 2015 than there were before the recession started in 2008.

Levels of employment in most occupations are expected to recover from 2010 lows by 2015, but some sectors will recover more than others.

Jobs in construction, retail and unskilled manual sectors are unlikely to return to pre-recession levels by 2015, according to the latest FÁS/ESRI manpower forecasting report.

Occupations such as skilled building and production workers, unskilled manual workers, sales assistants and clerks will grow from 2010 onwards, according to the report, but will not reach 2008 peak levels.

But jobs at the higher end of the skill scale, such as professionals and technicians in science, engineering, business services and IT, are expected to exceed pre-recession peak levels by 2015.

Professionals are expected to account for 38% of the workforce in 2015, compared to 34% in 2008 and 31% in 1996.