FDI of the Month December: Verizon to create 400 jobs this year

By Business & Finance
05 January 2024
Telecommunications Gary Lerude

Verizon to create 400 more jobs by opening a new global centre of excellence and is our FDI of the Month for December.

Verizon, the US telecommunications company, will open a centre of excellence in Limerick city early this year, creating 400 new jobs. Active here since 2006, Verizon’s latest investment has seen the company start recruitment for positions in Limerick already where they have taken on 10,000sq m of space at a new riverside development in the city.

The company, headquartered in New York, currently employs 1000 workers in Sandyford, Dublin.

Minister for Enterprise Trade & Employment Simon Coveney said: “We should never take for granted an announcement like this one. One of the world’s leading providers of technology and communications services has chosen Limerick for their new Global Centre of Excellence. More than 400 jobs will be generated from this announcement. This is a significant commitment and endorsement of Ireland, and in particular, the skilled workforce in Limerick. I want to thank Verizon for their continued investment in Ireland.”

Craig Silliman, President, Verizon Global Services said: “This Centre of Excellence will bring together key functions in a creative, collaborative environment that leverages global talent and maximizes our shared services model to best deliver for our businesses globally. As we continue to leverage our global footprint to best serve our customers, grouping these functions in a world-class centre will improve effectiveness and efficiency to deliver best-in-class results for our customers, employees, and partners.”

CEO of IDA Ireland Michael Lohan said: “Verizon’s decision to expand its presence here demonstrates its confidence in Ireland.  The selection of Limerick City for this Centre of Excellence and the creation of roles across multiple strategic global functions, including, Strategy & Transformation, Finops and Network Engineering & Cyber will position the Mid West and Ireland well for future investment in the sector. I’d like to wish Verizon every success with this expansion and assure the leadership team of IDA Ireland’s continued support.”

Read More FDI Of The Month

November 2023: Stryker Ireland

October 2023: NETGEAR

September 2023: Dell Technologies

August 2023: Abbott

July 2023: Charles River Laboratories

June 2023: Salesforce