A new European People Services Centre in Dublin means that Telefónica, O2’s parent company, is to create 100 new jobs by the end of next year.
O2’s headquarters in Dublin’s Docklands will be home to the centre, which represents an investment of €25m over five years.
IDA Ireland, Telefónica Europe and the team in Telefónica O2 Ireland worked together to attract this investment to Ireland and IDA Ireland is assisting with the set up of the new operation.
The new operation will provide HR services, support functions and administration to the 27,900 Telefónica Europe employees, in their respective local languages.
The Minister for Enterprise, Trade and Innovation, Batt O’Keeffe TD, has said this announcement shows Ireland is open for business and winning major foreign direct investments.
"The announcement by the Taoiseach today is another significant vote of confidence in Ireland as a location for investments of strategic importance to our economic recovery," O’Keeffe said. "We have demonstrated yet again to the global investment community that Ireland continues to attract high-quality foreign direct investments in these difficult times for the world economy.
"As Ireland emerges from recession and returns to growth, these investments play a key role in rebuilding our confidence as a nation and proving to the world that Ireland is open for business."
Meanwhile, IDA chief executive Barry O’Leary has said there will be three significant jobs announcements to come in the next two weeks, involving a world leader with no activities in Ireland, a specialist firm involved in internet activities, and a financial services company.