ONE of the country’s leading accountancy firms has raised concerns about traffic congestion in Cork city. Ernst & Young said difficulties getting to work was becoming an issue for its staff and also cited public transport as an area of concern.
John Higgins, managing partner at Ernst & Young’s Cork office made the remarks as he commented on strong growth for the company, both nationwide and in its Cork office.
He reported that access to housing is becoming a significant issue for staff in Dublin, but staff at the Cork office have other concerns.
"Our people in Cork are not yet raising housing and getting rental accommodation as a significant issue," he said.
"But they are talking about the traffic congestion and public transport in terms of getting to and from work. There is much to be done to ease traffic congestion in Cork."
He commended the work of Cork Chamber in advocating for affordable changes to traffic management.
The company is planning significant expansion to its offices in Lapps Quay on the back of significant growth in its business.
Mr Higgins said, "EY is expanding its current office at by 3,500 sq ft within the existing floor. The expansion will bring the total office space in EY Cork to circa 19,000 sq ft. In addition to this important expansion, we are undertaking a €3 million complete refurbishment of the entire office space. We will be finished by Christmas and we will have an official opening of the amazing new office space in early 2018.
"As we move very close to 200 people working in our Cork office this expansion will be a great place for this expanding team to work."
Ernst & Young Ireland reported double-digit growth for the fourth consecutive year, with revenues of €247 million for the financial year to 30 June 2017.
"Our business has performed very strongly over the last 12 months, with remarkable growth of 17% in the Munster region," Mr Higgins said.
"This has been driven by continued growth across each of our service lines – assurance (audit), tax, advisory and transactions. In the past year, we have seen our local clients continue to grow their presence and as such, they are increasingly seeking out our services. In tandem with this, our international clients based in both Cork and in Munster are also investing, which is driving significant demand."