Fears for 3,000 workers as mushroom industry hit
Ireland's mushroom industry, which employs 3,000 people, will cease to exist within 18 months unless the Government provides emergency Brexit support measures.
The Commercial Mushroom Producers (CMP) Co-Op has issued a stark warning that an industry operating on single digit margins is now being asked to cope with currency volatility that threatens to slash its income by between 25pc and 40pc.
CMP chief executive Donal McCarthy said that the industry had already lost three major producers and 120 jobs due to the collapse in Sterling following the Brexit vote last June.
Mr McCarthy warned that the sector had "weeks rather than months" to secure survival supports.
"We have been hit by a torpedo because of this currency volatility. This was totally outside our control," he said.
"No industry in the world could cope with an income hit of 40pc.
"We have an industry which is one of the most efficient and successful in the world but which is built around tight single digit operating margins."
More than 90pc of Irish mushroom production is exported to the UK. Mushroom growers now want the Government to slash employer PRSI for the sector as an emergency measure, maintain existing fuel taxes and provide employment support.