Investments from AXA, EA, Telefonica and others into Dublin create increased job opportunities


Insurance company AXA plans to create 200 new jobs in Dublin in the coming three years through the establishment of a global life-product distribution and servicing subsidiary. In this expansion investment, the company intends to create jobs at AXA Global Distributors in Dublin in marketing, finance, information technology, telephone sales, product development, customer services, policy and administration.


AXA Global Distributors’ joint managing director said that the investment decision to headquarter the company in Dublin was motivated by the success of its other operations in the Irish country, the ready availability of a skilled graduate workforce and access to the EU markets. AXA Global Distributors focuses on wholesale insurance and investment activities and hopes that its Dublin operations will offer distribution of its services for investment products, and give the company back-office services to product underwriting entities in the AXA Group, especially for AXA Life Europe.In 1999, AXA Group entered the Irish market and has ever since grown to about 1000 staff.


Welcoming the news of this new investment and the creation of jobs, Taoiseach Brian Cowen (Head of government) said that AXA’s decision to invest in Dublin reflected the country’s reputation as a prime location for innovative companies. He termed it as a positive endorsement from a global player that the country can offer the required skills, pro-business policies and a strong regulatory environment that enables companies like AXA to rapidly expand their international business through investments.


Minister for Enterprise, Trade and Innovation, Batt O’Keeffe said that the investment was approval that the country could outdo its competitors with regard to attracting and winning major investments. The new jobs, as he commented, are in high-value areas and would add impetus to the country’s economic recovery and at the same time show that the country can continue to win investments even when faced with tough competition from other countries.


This new investment that creates 200 jobs follows a number of announcements affecting the job markets in the recent weeks. However, the AXA announcement was not the only good news for job seekers in the country. Last week, Electronic Arts, an international computer games firm, announced its plans to open a European customer service operations centre in Galway that would create another 200 jobs. At the same time a telecommunications company, Telefonica, plans to create 100 jobs at its Dublin office and Webroot, a US internet security company. will create 50 jobs over the next two years.


June 2, 2010.