Friday 19 November 2010

Paddy Power to create 1440 new Jobs

On Wednesday 17th November 2010, Paddy Power Plc. issued their interim results in which they included a statement about many new jobs that will be created.

Overview:
Now before we all get too excited about this news, we need to keep in mind the following:
- These Jobs will be created over the next 2 - 3 years
- These Jobs are spread across 3 countries
- There were only about 150 - 160 jobs listed on their job board at the time that this statement was made.

How these jobs will be split:
In a further press release it was announced that 500 jobs will be based in Ireland, with 375 of these jobs in Tallaght on the outskirts of Dublin - 86 of these positions being open at the time of the announcement. 810 jobs are said to be based in the UK and the remaining 139 jobs going to Autralia.

From the Interim Management Statement:
Commenting on the results Patrick Kennedy, Chief Executive, Paddy Power plc, said:
"The strong growth in Group profitability in the first six months has continued into the second half,
with a particularly strong performance in our international online businesses and UK Retail activities.
We are also continuing to invest in our scale and capabilities to position the Group well for 2011 and
beyond in its existing and potential future markets. In this context, we are also today announcing the
creation of 1,440 new jobs in Ireland, the UK and Australia, to be in place by December 2013.”

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