Bank to take on 700 extra staff in Ireland

DEUTSCHE Bank will more than triple its workforce in Ireland after announcing 700 new jobs yesterday, handing the government a boost a day after it decided to make a clean break from its EU/IMF bailout.

Ireland will exit its aid programme without a back-up credit line next month with unemployment falling but still above 13 per cent, highlighting its dependence on foreign companies who have helped offset the worst of the jobs crisis.

The jobs announcement was the biggest made so far this year by IDA Ireland, the state body responsible with attracting inward investment, and follows recent workforce additions by Twitter, TripAdvisor and EBay.

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Germany’s flagship lender, which employs around 100,000 people worldwide, currently has 330 staff in Ireland working in technology and operations, and global transaction bank- ing.

It said the new hires would span the spectrum from school leavers to graduates.