Abbott Adds 1,000 Jobs with $450 Million Irish Investment

DUBLIN — U.S. healthcare company Abbott Laboratories plans to hire an additional 1,000 people in Ireland in one of the biggest job announcements of the year in the country’s burgeoning multinational sector, state investment agency IDA said. Ireland said on Friday.

Abbott, one of Ireland’s largest multinationals with 5,000 employees, will expand its North West Donegal manufacturing facility with a new factory in Kilkenny.

Confirming the $450 million investment, Jared Watkin, Abbott’s senior vice president of diabetes care, told The Irish Times that Ireland was a strategic choice for its growing production of devices that monitor glucose levels. It makes sense, he said.

Job growth at Irish multinationals surged to record levels in the first half of 2022, pushing the country’s unemployment rate to a 21-year low of 4.2%.

Padraic Halpin