Menu
11/07/2008
300 Irish Companies Gone Bust Since New Year
The economic turmoil has hit Ireland's private sector hard as the number of companies going bust has gone up by 76% for the first half of this year.
More than 300 companies have been wound up, a 76% increase on last year's figures with most of the failing companies being in the construction and engineering sector.
A total of 312 companies went into voluntary liquidation, which is double that of the whole of 2007.
Business consultants Farrell Grant Sparks, which compiled the figures, said the failures were among small developers and sub-contractors and almost also that half of the companies that failed were in Dublin.
There was also a high level of failures in the hospitality sector such as pubs, restaurants and suppliers to the industry, with 42 companies collapsing. Pubs have been under pressure since the introduction of the smoking ban and increases in the price of hops.
Transport and haulage providers accounted for 12 failures - a significant increase in fuel costs were cited as the primary reason.
But the construction industry will be digging itself out of the biggest hole, with recent announcement by the government that it is to cut capital spending by €300 million.
(DW)
More than 300 companies have been wound up, a 76% increase on last year's figures with most of the failing companies being in the construction and engineering sector.
A total of 312 companies went into voluntary liquidation, which is double that of the whole of 2007.
Business consultants Farrell Grant Sparks, which compiled the figures, said the failures were among small developers and sub-contractors and almost also that half of the companies that failed were in Dublin.
There was also a high level of failures in the hospitality sector such as pubs, restaurants and suppliers to the industry, with 42 companies collapsing. Pubs have been under pressure since the introduction of the smoking ban and increases in the price of hops.
Transport and haulage providers accounted for 12 failures - a significant increase in fuel costs were cited as the primary reason.
But the construction industry will be digging itself out of the biggest hole, with recent announcement by the government that it is to cut capital spending by €300 million.
(DW)
Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.
05 January 2006
Service sector employment accelerates
The latest figures from NCB for the Republic of Ireland's economy indicate that the services sector continued to expand in December and that confidence about future activity levels in the sector has risen. At 61.1 in December The Business Activity Index was well above the no-change 50 marker level, which although down on the November level of 62.
Service sector employment accelerates
The latest figures from NCB for the Republic of Ireland's economy indicate that the services sector continued to expand in December and that confidence about future activity levels in the sector has risen. At 61.1 in December The Business Activity Index was well above the no-change 50 marker level, which although down on the November level of 62.
17 April 2013
4,000 Net Jobs Created In Cork Since 2011
Fine Gael Cork North West Deputy, Áine Collins, has said recent figures from the Department of Jobs, Enterprise & Innovation, which show that in excess of 4,000 net jobs have been created by Enterprise Ireland (EI) and IDA-supported companies since Fine Gael and Labour came to power, are proof that the Government’s jobs strategy is working.
4,000 Net Jobs Created In Cork Since 2011
Fine Gael Cork North West Deputy, Áine Collins, has said recent figures from the Department of Jobs, Enterprise & Innovation, which show that in excess of 4,000 net jobs have been created by Enterprise Ireland (EI) and IDA-supported companies since Fine Gael and Labour came to power, are proof that the Government’s jobs strategy is working.
21 August 2017
Over 400,000 Jobs Supported In 2016
More than 409,000 full and part-time jobs were created in 2016 by companies supported by Enterprise Ireland, IDA and Údarás na Gaeltachta, accounting for 31% of total business employment in Ireland. There was a 5.4% increase in total employment in agency client companies since 2015, an increase of over 21,000 jobs.
Over 400,000 Jobs Supported In 2016
More than 409,000 full and part-time jobs were created in 2016 by companies supported by Enterprise Ireland, IDA and Údarás na Gaeltachta, accounting for 31% of total business employment in Ireland. There was a 5.4% increase in total employment in agency client companies since 2015, an increase of over 21,000 jobs.
26 November 2010
Dáil Four Year Plan 'Failing Jobs'
The Irish Government's highly controversial Four Year Plan has been met with hostility by leading unions, who claim the plan is no more than the continuation of "failed policies". The 140-page plan detailed the Government's plans to make €15 billion of savings by 2014.
Dáil Four Year Plan 'Failing Jobs'
The Irish Government's highly controversial Four Year Plan has been met with hostility by leading unions, who claim the plan is no more than the continuation of "failed policies". The 140-page plan detailed the Government's plans to make €15 billion of savings by 2014.
-
Northern Ireland WeatherThis Evening and Tonight:Dry and bright at first but some areas of low cloud developing through the evening and overnight, particularly over southern counties and the north Antrim hills. Minimum temperature 10 °C.
