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Facebook has given more than $ 360 million (€ 304 million) in shares of the social media giant to Ireland-based employees over the past five years, the Sunday Business Post reports.
The newspaper said that Facebook, which also owns WhatsApp, has awarded staff $ 185 million in stock and another $ 180 million in prizes that have yet to be awarded. The news comes at a time when Facebook is under political pressure in Ireland to grant full-time employment rights to hundreds of content moderators, many of whom must monitor extreme content on the group’s platforms.
Government plans ‘hybrid’ job options for officials
The Sunday Business Post also reports that the government plans to allow some officials who are usually based in Dublin to work for part of the week in regional centers by the end of next year.
While most officials are currently working from home amid Covid-19, the government is working on a “hybrid” model in the aftermath of the pandemic to ensure a better work-life balance. The hope, according to the newspaper, is that the planned model will succeed where the decentralization campaign failed.
Calls for the development Beacon Hospital Clinic Limerick
Beacon Hospital Sandyford, Dublin’s largest private hospital owned by businessman Denis O’Brien, has applied for planning permission to develop a day clinic for outpatient medical consultations, diagnostics and surgical procedures in Limerick, according to the Sunday Independent.
The hospital, opened in 2006, has satellite clinics in Dublin, Drogheda, Mullingar and Wexford. It posted an operating profit of 7.2 million euros last year.
U + I and Colony see designated recipients for Dublin office blocks
US lender Quadrant Real Estate Advisors has designated recipients to companies owned by London-listed developer U + I Group and California-based Colony Capital that sit behind two office buildings in Dublin, reports the Sunday Times.
The newspaper said KPMG’s Kieran Wallace has been appointed receivers of certain assets of a company that developed Donnybrook House, a prominent six-story office development on Dublin 4, which has had trouble finding tenants for some of its flats. Wallace has also been appointed as the receiver of certain assets in a company used to develop an office block in Sandyford, south of Co Dublin, called Hive, he said.
Davy buys Sarasin’s Irish unit
The Sunday Times also reports that Davy is acquiring the Irish operation of UK-based asset manager Sarasin & Partner, marking the Irish brokerage and investment firm’s 10th acquisition since 2012.
Sarasin cannot continue to operate its Irish unit, which is said to have “hundreds of millions” of euros of assets under management for Irish clients, as a London branch of the business after Brexit transition agreements expire late next month. Ultimately, Sarasin is controlled by J Safra Sarasin Holding, a private Swiss bank.
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