New York Stock Exchange - 400 jobs in Belfast

[nifan]

You'll find that only the top handful of individuals at NYSE use Private Jets.

Even at the top i dont believe they use private jets.

[Tony Baloney]

You can fool some of the people some of the time etc., this is just another of those headline grabbing announcements, which eventually fail to produce the promised numbers or quality of jobs, and will be forgotten about in a years time, after more serious wastage of public monies by Invest N.I. In the meantime it will probably be employed to off-set the growing dissillusionment with the Stormont Circus, and dig the local politicos out of the latest hole they have dug for themselves

Well Pangurban I think all of what you said goes without saying! We all know the score. Invest NI are clowns who are good for nothing except wasting public money, that's a given. That this was won as a bribe to grease the wheels of another carve up, a given. That the shinners and dupers will be back cap in hand to their masters for another slice of the pie, a given. That they're all f**king useless, a given.

Having said that it is 400 jobs.

Bullshit, if you have no idea what you're talking about- just continue to post bullshit, oh hang on you have that covered, because your information is correct, or not, hang on you have no clue- but sure- hey- go for it...

Want to be specific or you just being a whiny bitch in general? I'm particularly interested in you showing me how well run and efficient Invest NI are with all evidence pointing to the contrary, how our elected representatives are better than useless despite all evidence to the contrary.

[ziggysego]

Just to clarify, my problem wasn't with NYSE coming to Belfast, it's all investments and Government jobs being centralised in Belfast.

The West has been left behind by direct rule and Stormont.

[heganboy]

ziggy, its a tough tough sell. there is huge difficulty in persuading a company to put this amount of money into Ireland for core work. Its a tough sell to get someone to transfer from a wall street office to Belfast and say its a promotion. Belfast however does have many of the amenities that an executive has access to in a new york environment including good schools, colleges, night life, health care, transport etc. This rules out any location thats not a reasonably sized city, and unfortunately, despite my best efforts Ballyhegan was not considered either...

[ziggysego]

ziggy, its a tough tough sell. there is huge difficulty in persuading a company to put this amount of money into Ireland for core work. Its a tough sell to get someone to transfer from a wall street office to Belfast and say its a promotion. Belfast however does have many of the amenities that an executive has access to in a new york environment including good schools, colleges, night life, health care, transport etc. This rules out any location thats not a reasonably sized city, and unfortunately, despite my best efforts Ballyhegan was not considered either...

Thus proving what I'm saying, under investment.

[Caid]

Just to clarify, my problem wasn't with NYSE coming to Belfast, it's all investments and Government jobs being centralised in Belfast.

The West has been left behind by direct rule and Stormont.

It's difficult.  Northern Ireland's economy is over-reliant on the Public Sector for employment.  There was no need to have around five Education Boards or four health boards to govern a land area the size of NI.  It is difficult to justify locating many of these jobs related to outside investment outside of Belfast.  Invest NI, I think, although based in the large office in Bedford Street does allow staff to work from Regional Offices is that is their preferences

[heganboy]

Thus proving what I'm saying, under investment.

I hear what you're saying- but where do you draw the line, if you invest in omagh, then enniskillen wants it too, then toome etc etc, there has to be a viable return on the investment.
Cities acquire these facilities gradually as they expand as a city gets bigger it gets an airport/another hospital/a theatre/ an operahouse/ night clubs/ good restaurants rather than put these amenities in and then the people will come...

[ziggysego]

Thus proving what I'm saying, under investment.

I hear what you're saying- but where do you draw the line, if you invest in omagh, then enniskillen wants it too, then toome etc etc, there has to be a viable return on the investment.
Cities acquire these facilities gradually as they expand as a city gets bigger it gets an airport/another hospital/a theatre/ an operahouse/ night clubs/ good restaurants rather than put these amenities in and then the people will come...

I hear ya loud and clear too. But it's near impossible for these towns to expand and compete for the investments when there has been major underdevelopment. For instance, the road infrastructure, rail network and a transport system suitable for the 21st Century. Until the West gets this, we'll always fall behind.

It's no coincidence that Strabane was voted the 'worst' town in the UK a few years ago and one of the worst in Europe and it's the further town away from Belfast.

[Stall the Bailer]

Should the umempolyment in an area not be looked at?


I don't agree with there not being enough gradutates coming out of Magee to meet demand.
Not everyone in the north west goes to Magee to get thier degree.
If you are about the holylands you will notice a lot from Derry/Donegal/Tyrone/Fermanagh.
It seems that many will need to stay there to get empolyment even though they would perfer to be at home

[nifan]

Sorry lads - Nyse wanted to move increase in belfast, in the setup they already have.
Would you have said no thanks to the jobs unless they are out of belfast?

[DennistheMenace]

No surely they should have setup in the outback of Tyrone instead ? A much easier move that for them i'm sure..

[thebigfella]

ziggy, its a tough tough sell. there is huge difficulty in persuading a company to put this amount of money into Ireland for core work. Its a tough sell to get someone to transfer from a wall street office to Belfast and say its a promotion. Belfast however does have many of the amenities that an executive has access to in a new york environment including good schools, colleges, night life, health care, transport etc. This rules out any location thats not a reasonably sized city, and unfortunately, despite my best efforts Ballyhegan was not considered either...

made me chuckle anyway.

[imtommygunn]

If a company is located in Belfast then it is a location which is central and commutable for almost anyone. This then means the standard of people they get is much higher. If they located in East Tyrone then they wouldn't have as good a skillset available to them.

There may be underinvestment in those areas but you can't blame one Yankee company in Belfast.

I am from a small rural area. It would be difficult for me to get the job I wanted to if I lived there. It's just an unfortunate part of life. There are several people from Tyrone, who live in Tyrone, in the company I work in Belfast.

Now maybe people are right in some regards and the civil service etc should decentralise some jobs to these areas however NYSE are not to blame...

[Tony Baloney]

If a company is located in Belfast then it is a location which is central and commutable for almost anyone. This then means the standard of people they get is much higher. If they located in East Tyrone then they wouldn't have as good a skillset available to them.

There may be underinvestment in those areas but you can't blame one Yankee company in Belfast.

I am from a small rural area. It would be difficult for me to get the job I wanted to if I lived there. It's just an unfortunate part of life. There are several people from Tyrone, who live in Tyrone, in the company I work in Belfast.

Now maybe people are right in some regards and the civil service etc should decentralise some jobs to these areas however NYSE are not to blame...

Quit the sensible talk.

[Stall the Bailer]

No problem with where NYSE sets up.
However InvertNI should be focusing on where the need is greatest - I think.