Primark set to move jobs back to Ireland. Leading retail giant, Primark is set to relocate some of their core departments within their organisation back to Ireland.
Set up in Mary’s Street, Dublin back in 1969, the Irish retailer that trades under Penneys her in Ireland, has already established itself as a leading fashion retailer in countries including United Kingdom, Belgium, France Italy and Spain.
Primark are expected to relocate over 220 of their buying, sourcing and merchandising staff from their Reading office in the UK back to Dublin within the coming months which is excellent news for the Irish jobs market.
However, the company has stressed that they will still maintain a strong operational presence in the UK with the switch of jobs back to Ireland ensuring their business strategy and expansion into international markets can all be coordinated and supported from one central location in Dublin.
The Irish retailing giant is estimated to be worth in the region of €19 Billion euro and has released financial figures showing that Primark grew its first half adjusted operating profit by 25%, year-on-year, to €493 million euro (£426 million sterling).
Their revenue for the six months to the end of March also grew by 4%, year-on-year, to a whopping €4.2 Billion euro. Penneys and Primark have established themselves as a high street favourite with shoppers for Ladies, Men’s and Children’s affordable fashion as well as home furnishings.
Primark set to move jobs back to Ireland