Search giant Yahoo! is to create around 400 jobs at its newly-announced European operations headquarters in Dublin.
The announcement was made today at a press conference held by Micheal Martin, the Minister for Enterprise, Trade and Employment. The new jobs will be created over five years and will focus on areas such as website editorial, IT, financial service, web hosting and customer services. Some 75 per cent of the jobs will require third-level education.
Martin welcomed the Yahoo! announcement, citing it as an "outstanding achievement for Ireland" and affirmation of Ireland's reputation as a "serious contender for the world's largest internet companies."
The Dublin operation will be based at East Point Business Park in Clontarf, where Yahoo!'s subsidiary, Overture Search Services, employs around 150 people at its European headquarters. Overture opened its Dublin office in February 2003, and the success of the company since its Irish launch has been mentioned as one of the main factors which influenced Yahoo! to make the move to Ireland.
The decision to centre Yahoo!'s European headquarters in Dublin was also based on "the calibre and volume of graduates available in Ireland; the up-to-date and cost competitive telecommunications and data centre infrastructures and the assistance of IDA Ireland," according to John Marcom, Yahoo! senior vice president.
Yahoo!'s Irish operation will be responsible for the company's European business in three main areas: a shared services centre, which will handle accounting and revenue activities and statutory reporting; a web hosting centre, which will support databases for Yahoo!'s websites, other applications and systems; and a customer support centre, which will be made up of a multi-lingual support service and website editorial team.
Yahoo!'s main rival, Google, has also based its EMEA operations headquarters in Dublin, where it expects to create up to 200 jobs within the coming years. Online retailer Amazon.com announced in January that it is to establish a European systems and network operations centre in Dublin, which will create 25 new jobs over the next two years. Online auction site eBay and payments giant PayPal also have offices in Ireland.