DUBLIN (Reuters) - Facebook
Facebook said on Thursday the expansion would provide enough space for another 5,000 employees. Such an increase would make the U.S. company one of the largest multinational employers in Ireland next to the likes of Google
The social media company runs a number of global and regional teams across three office buildings in Dublin where it employs engineers, legal professionals, marketing and sales staff.
"We're investing here for the long term," Gareth Lambe, Head of Facebook Ireland said in a statement.
"This significant investment in a 14-acre campus with capacity for thousands more employees demonstrates our commitment to Ireland, our desire to grow our business here and continue to contribute to the economy."
Irish Business Minister Heather Humphreys said the expansion represented a huge vote of confidence in Ireland, which aided by low corporate tax rates, counts foreign mulinationals like Facebook for around one-in-ten jobs in the fast-growing economy.
By acquiring the lease, Facebook is taking over the headquarters of Allied Irish Banks
(Reporting by Padraic Halpin. Editing by Jane Merriman)