Uncertainty in the Labour Market trends continues

13 Jan 2004

The Irish National Organisation of the Unemployed welcomes the decrease of 700 people in the December 2003 seasonally adjusted Live Register figures announced today by the CSO. However, this slight decrease is in the context of an overall annual increase of 4,500.

‘The outlook for the jobs market in 2004 is very uncertain. The QNHS unemployment rate of 5.2% is predicted to continue and this is becoming more of a reality with every redundancy announced’, said Eric Conroy, General Secretary INOU. ‘Greater emphasis needs to be placed on maintaining competitiveness and fostering job creation’.

The complacent attitude of Ireland having a low unemployment rate is still prevalent despite 2003 recording the highest number of redundancies in 19 years. Ireland’s competitiveness is very vulnerable as many companies relocate to the Far East, the most recent being Dekko Heating Technologies in Mayo and Tretorn Sport Ltd in Co. Laois. This is occurring not only in manufacturing industries but also across other sectors including I.T and electronics.

The Governmental policy continues to rely on foreign direct investment (FDI) to set up where other companies have departed. This is inadequate as the cycle of being dependent on these foreign companies to stay in Ireland continues. Emphasis must be placed on replacing indigenous industries that have gone bust and encouraging entrepreneurship in Ireland across all sectors especially research and development (R