Menu
14/05/2009
Irish Exporters Warn Of 91,000 Job Losses
The group representing the Irish exports industry has claimed the Government needs to provide extra stimulus in the sector to avoid job losses totaling up to 91,000.
The Irish Exporters Association (IEA) said today their industry had felt the full impact of the economic downturn in global markets, losing 9.6% of export value in the first quarter according to the latest "depressing" statistics revealed in its first quarter report for 2009.
Total exports for the first quarter of 2009 were down by almost €3.6 billion, falling to €33.78 billion from its total of €37.38 billion in the same period last year.
John Whelan, Chief Executive of the IEA said: "For a start, there must be an immediate return to competitiveness in all sectors of the economy to prevent further job losses and support a return to export growth in 2010 when global markets are expected to grow again."
Mr Whelan said the association's forecast for the full year is for exports to fall by 13%, with a loss of export revenue of €20.2 billion and direct job losses of some 91,000.
"The knock-on effect of job losses on this scale on the economy, however, is much greater as each export job supports two other jobs in the community," he added.
(DW/BMcC)
The Irish Exporters Association (IEA) said today their industry had felt the full impact of the economic downturn in global markets, losing 9.6% of export value in the first quarter according to the latest "depressing" statistics revealed in its first quarter report for 2009.
Total exports for the first quarter of 2009 were down by almost €3.6 billion, falling to €33.78 billion from its total of €37.38 billion in the same period last year.
John Whelan, Chief Executive of the IEA said: "For a start, there must be an immediate return to competitiveness in all sectors of the economy to prevent further job losses and support a return to export growth in 2010 when global markets are expected to grow again."
Mr Whelan said the association's forecast for the full year is for exports to fall by 13%, with a loss of export revenue of €20.2 billion and direct job losses of some 91,000.
"The knock-on effect of job losses on this scale on the economy, however, is much greater as each export job supports two other jobs in the community," he added.
(DW/BMcC)
Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.
15 September 2009
BAE Systems Plans Job Cuts
Over 1,000 jobs could be lost at leading engineering company, BAE Systems. It has started a consultation regarding the potential closure of one of its UK sites and job cuts at another three, with the loss of an expected 1,116 jobs.
BAE Systems Plans Job Cuts
Over 1,000 jobs could be lost at leading engineering company, BAE Systems. It has started a consultation regarding the potential closure of one of its UK sites and job cuts at another three, with the loss of an expected 1,116 jobs.
09 July 2009
Corus 'To Axe 366 Jobs'
Steelmaker Corus is believed to be axing 366 jobs at its Scunthorpe site in North East England. The company has said that it has "announced proposals to improve the competitiveness of its Scunthorpe site by aligning costs with anticipated steel demand". Consultations with employees and their representatives have begun on the site today.
Corus 'To Axe 366 Jobs'
Steelmaker Corus is believed to be axing 366 jobs at its Scunthorpe site in North East England. The company has said that it has "announced proposals to improve the competitiveness of its Scunthorpe site by aligning costs with anticipated steel demand". Consultations with employees and their representatives have begun on the site today.
30 January 2014
11 Job Losses At Doolan Plant Hire
Fianna Fáil Environment spokesperson Barry Cowen has said the first round of jobs losses arising from the creation of Irish Water in Offaly have been announced. Doolan Plant Hire has announced it is letting up to 11 staff go in Clara. Deputy Cowen commented: "This is very bad news for Clara.
11 Job Losses At Doolan Plant Hire
Fianna Fáil Environment spokesperson Barry Cowen has said the first round of jobs losses arising from the creation of Irish Water in Offaly have been announced. Doolan Plant Hire has announced it is letting up to 11 staff go in Clara. Deputy Cowen commented: "This is very bad news for Clara.
29 October 2015
S&A Foods Announces 300 Job Losses
S&A Foods in Derby has announced 300 job losses and the firm has also gone into administration. Unite the union which represents around 200 hourly paid production staff, said that cash flow problems relating to the firms' contract with supermarket giant, Asda was the root cause for the closure.
S&A Foods Announces 300 Job Losses
S&A Foods in Derby has announced 300 job losses and the firm has also gone into administration. Unite the union which represents around 200 hourly paid production staff, said that cash flow problems relating to the firms' contract with supermarket giant, Asda was the root cause for the closure.
15 August 2014
160 Job Losses At MBNA
Fianna Fáil Senator Marc Mac Sharry says the loss of 160 jobs at MBNA highlights the need for targeted investment in the North West region. The company is planning to close its plant in Carrick-on-Shannon by the end of November. Senator Mac Sharry commented: "These job losses are a devastating blow to the workers at MBNA and the local community.
160 Job Losses At MBNA
Fianna Fáil Senator Marc Mac Sharry says the loss of 160 jobs at MBNA highlights the need for targeted investment in the North West region. The company is planning to close its plant in Carrick-on-Shannon by the end of November. Senator Mac Sharry commented: "These job losses are a devastating blow to the workers at MBNA and the local community.
-
Northern Ireland WeatherToday:A largely cloudy day with some patchy light rain, this most persisted across Fermanagh and southern areas of Tyrone and Armagh. Light to moderate northwest breezes. Maximum temperature 9 °C.Tonight:A cloudy start to the evening with patchy rain focused in the southwest. Turning dry from the north with clear spells developing by late evening. Winds easing light and variable. Minimum temperature 0 °C.
