Saturday 25 November 2017

Over 1,300 jobs lost every week this year

Anne-Marie Walsh

MORE than 1,300 people have lost their jobs every week since the start of the year, new figures showed yesterday -- as the minister in charge of creating employment insisted economic recovery was already under way.

New figures reveal an average of 1,303 jobs were lost each week since January, bringing the total number of redundancies to 39,105 so far this year.

Job losses have slowed by almost 20pc since last year, but this is from a year that saw a record 90pc hike in redundancies, to 77,001.

The number of jobs shed so far this year is already close to the total number lost during the whole of 2008, when there were 40,607 redundancies.

Actual job losses are likely to be far higher, as the figures from the Department of Enterprise, Trade and Innovation only include workers who were in their job for two years or more.

But Minister for Enterprise, Trade and Innovation Batt O'Keeffe said the lower redundancy rate showed economic recovery was under way.

"We will persist with our policies, help unemployed workers to get back into the labour force and create conditions conducive to job creation," he said. "Behind every job loss statistic is a human story."

Irish Independent

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