More jobs due to foreign investments

By: Together Abroad 02-07-2012 1:57 PM
Categories: Business news, Tips for internationals,

AMSTERDAM – In recent years, the Dutch labour market has grown due to a record number of foreign investment projects.
This was shown in a global investment climate analysis from Consultancy Company IBM published last Thursday. In 2011, The Netherlands recruited 342 investment projects, the highest number of projects ever realised in one year. According to IBM this generates 6400 jobs, an increase of 22 per cent compared to the 5200 jobs generated in 2010.
China
Most of the companies settling in the Netherlands are American, representing 104 projects and 2600 jobs. In second place we find the United Kingdom with 37 projects. China confirms its rising investment economy by setting up 28 projects. The main sectors in which investments are being made are, as in previous years, the business services (55projects) and ICT (54projects).
Limited effect
In spite of an increase in foreign investments, the effect on employment remains limited. On average, the foreign investments yield 19 direct new jobs in the Netherlands. A decade ago these same investments would yield 50 jobs on average. According to IBM this is caused by the fact that the Netherlands has, in the last ten years, lost many labour intensive investments to countries with lower labour costs such as Eastern European countries. Besides this, the Netherlands fails to attract industrial projects more and more while they usually produce more jobs.

Source:  © ANP

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