Abbott to invest $450M in Ireland, hire 1,000 people

Friday, 12. August 2022 14:47

Abbott Laboratories plans to invest an additional $450 million in its Irish hub in order to increase the output of devices that monitor glucose levels and hire 1,000 more employees in the process.

According to Abbott's executive Jared Watkin, the decision made strategic sense due to the American healthcare company already employing about 5,000 staff in the country that has seen its multinational sector skyrocketing over the past year.

The number of added jobs in Ireland's multinational sector soared to record levels since the start of the year, leading the unemployment rate down to a more than two-decade low of 4.2%.

Related Links: Abbott Laboratories
Author:
Baha Breaking News (BBN) / ND