News : PayPal to Add 400 Jobs by 2018
June 18, 2014 -- The Government announced Wednesday that PayPal, the payments subsidiary of American auction site eBay is to add 400 jobs in its call centre in Dundalk by 2018 while Richard Bruton, enterprise minister, welcomed acceptance by the majority of workers at the Canadian-owned Bausch+Lomb contact lens factory in Waterford of pay and job cuts.
PayPal will add 400 jobs at the PayPal call centre by 2018 bringing the total staff to 1,800.
In February 2013 PayPal had announced of 1,000 additional jobs and in July, Louise Phelan, the Ireland chief, said Ireland suffered from a "deficiency" in workers with second languages. "We are a gateway to Europe but we need to ensure we are supporting the languages. Absolutely there is a deficiency in languages in Ireland. I am bringing in 50% of our language cover I require from 19 other countries."
The hedge-fund backed owner of Bausch+Lomb last month threatened to close the plant if there was not agreement to restructuring and it is trying to acquire Allergan, the maker of Botox, which has over 1,000 employed in co. Mayo.
The agreed plan includes a cut of 7.5% in basic pay, elimination of some bonuses, one hour added work per week, a reduction in the sick pay.
200 workers will lose their jobs from a head count of more than 1,100.
Posted by Veronica Silva Cusi, news correspondent
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Published: Thursday, June 19, 2014