Tesco is to create 110 extra jobs in Waterford city in a new store that will open in Ballybeg within the next twelve months, according to an announcement from the company this week.

The new store in Ballybeg will be part of a nationwide €113m investment that will see the opening of seven new outlets and the overall creation of 748 jobs.

The company already employs more than 13,000 people in Ireland and the majority of the new jobs will be outside Dublin.

The President of the Irish Farmers association, John Bryan, said he welcomed the creation of employment but it was not a good thing that one company had such a dominant position in the Irish market. Suggesting that it would be farmers and primary producers who would be paying for the new stores, Mr Bryan insisted that his members could not afford to take lower prices from Tesco.