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Google To Create 1,000 Jobs In Europe

Outgoing Google CEO Eric Schmidt has announced plans to create more than 1,000 new jobs in Europe over 2011.

Speaking at the DLD conference in Munich, Schmidt said that the plans follow impressive fourth quarter results of $2.54 billion.

“I wanted to make an important announcement about Google. We had a very, very good year and a very strong quarter,” he said. “We looked at this year and in particular our prospects for growth in Europe, and our businesses globally are doing well, both our core business as well as our adjacent businesses, our hockey stick businesses as we call them. It's all very very good.”

“And as a result we've decided to make some pretty significant investments, and I'm very happy to announce that we're going to add more than 1,000 employees in Europe this year. We are going to invest in Europe."

The recruits will be split equally between sales and technology staff, he added.

Last week, Google announced that Schmidt would be standing down as CEO after ten years at the helm. Schmidt, who will assume the role of executive chairman, is set to be replaced by Google co-founder Larry Page from 4 April.