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Manufacturing & Engineering Jobs - Market Overview 2018

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“Irish economic growth for 2017 and 2018 is forecast to be faster than it was a year ago, after the initial, muted impact from Britain’s decision to leave the European Union.”


Thoughts on the Market

Throughout 2017, the Irish manufacturing sector has shown resilience despite external events such as the threat from Brexit. After the results of this vote in June 2016, Irish manufacturing and exports slowed initially. According to Davy’s review of the Irish economy in May of 2017; depreciation in the sterling and initial reduced orders had a brief effect. The Irish manufacturing sector reacted in a calm and cautious manner but continued the trend of growth. 

While some sectors of manufacturing, such as food production, have been more restrained in investment, the life science industry (pharmaceuticals and medical device manufacturing) continues to go from strength to strength with upgrades, new builds and new start-ups being announced.

Certain external factors abroad, such as potential tax changes for US multinationals, threatened the level of foreign direct investment in Ireland but these corporations have been resilient to pressure and continue to invest massively in Ireland, including on expanded pharmaceutical, medical device, and data centre operations and the highly educated Irish workforce.

Medical Devices: The medical device manufacturing sector continues to flourish in the West of Ireland. The emergence of new healthcare delivery models (smart drug delivery and connected health), technological innovation (robotics, analytics) and evolving regulatory frameworks calls for experienced and blended skillsets. There has been a significant increase in the number of contracting opportunities available to engineers with niche skills who enjoy working on a projects basis and can add value at a specific point in the product development lifecycle. There has also been a significant increase in the number of permanent opportunities on offer.

Food: The food industry in Ireland, according to the Bord Bia Performance Report for 2017, is worth €11.15 billion to the Irish economy which is a substantial market share. The industry itself has been cautious with investment from the Brexit announcement as 37% of our exports are to the UK, but an increase in exports to European nations led to a two year high in August. 

Growth in manufacturing slowed slightly in October due to weaker new orders, but companies have expressed increased confidence about future output. 

Other:  Automation is the aim of the game for lean and efficient manufacturing. Companies are increasingly investing in upgrading their systems and taking on more and more automation engineers. 


Salaries

Ireland is becoming the candidate’s market once again with jobs being created at an ever-increasing rate. Due to demand for quality candidates, salaries are continuing to rise from early 2017 levels across the board. 


Top Tip for 2018

Like previous years savings is the aim of the game, cost reduction and efficiency improvements are key in all business models. Lean projects and qualifications add weight to your CV, don’t skimp on adding the detail of savings you have made in your career.



Looking for a manufacturing and engineering job? Check out our latest jobs here



Posted by Sarah Williams on 26 April 2018

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