Archives for August 2010 | Collins McNicholas

O’Keeffe bows to IDA staff plea

Posted on August 30, 2010 by Colman Collins Minister will give funding so agency can reach employment-creation targets Article by ine Kerr Political Correspondent of the Irish Independent ENTERPRISE Minister Batt O’Keeffe is preparing to accede to the IDA’s demands for an urgent staffing boost so it can cope with the jobs crisis — but he has refused to confirm if he would reinstate all of the 50 posts which had been cut. The flagship agency has been starved of staff and resources at a time when more than 450,000 people are on the Live Register. Last night Mr O’Keeffe said he had accepted the IDA’s arguments for increased resources and would provide funding for extra posts this week. The minister said the IDA would be “quite happy” and “satisfied” with the offer. Read the full article on the Irish Independent...

Read More

O’Keeffe jobs storm – IDA fury as minister fails to act on staff shortages

Posted on August 28, 2010 by Colman Collins An interesting (and disturbing) article in Saturdays (August 28th) Irish Independent by Anne-Marie Walsh Industry Correspondent, which highlighted the current staff shortages within the IDA. “THE flagship agency tasked with creating more than 100,000 jobs in the next four years has told the Government it cannot do so because it is being starved of staff and resources. The chairman of the IDA, the most important state agency for new jobs, wrote to Enterprise Minister Batt O’Keeffe in May to express serious concern over its ability to meet targets. An exasperated Liam O’Mahony told Mr O’Keeffe that chronic staff cuts had left the development agency unable to act adequately on the biggest issue facing the country. “Minister, on behalf of the IDA board, I cannot overstate the gravity and urgency of this situation,” he concluded. “ Read the full article and we would love to hear your...

Read More

Employment Status and Trends – August 2010

Posted on August 16, 2010 by Colman Collins Economic commentators are generally agreed that the gradual improvement in the economy is unlikely to lead to a reduction in unemployment numbers in 2011. That may well be the case but it obscures the fact that while jobs are continuing to be lost (Business Barometer July 2010) there has been a significant increase in recruitment in multinational companies since the beginning of the year. A strong indicator of the upturn in recruitment is the increase in positions being advertised by job boards and an increase in positions being advertised by recruitment agencies. Irish Jobs in the recently press release on their Q2 results report an 11% increase in the number of jobs advertised in Q2 2010 compared to the figure for Q1 2010. In addition Collins McNicholas is reporting an increase of 43% in Open Jobs in August 2010 compared to the figure for August 2009. Most of these increased vacancies are with their multinational clients with some 50% of them being in the medical devices and pharmaceuticals sectors. The increase in new vacancies is not evenly distributed however as it has been mainly driven by multinational companies which have recommenced hiring. Unfortunately many indigenous companies and the SME sector in general are still in the depths of the recession. Far from recruiting many of these companies are involved in an increasingly desperate fight for their very survival as they are experiencing ever increasing cash flow problems due to credit restrictions and due to growing cash collection difficulties. Looking forward I think it is reasonable to be optimistic about the prospects...

Read More

LIVE REGISTER AND REDUNDANCY FIGURES UNDERLINE GOVERNMENT INEPTITUDE

Posted on August 5, 2010 by Colman Collins   466,824 on Live Register.   Unemployment crisis escalates as thousands emigrate.   252 extra Redundancies a working day reported in July   Government’s ‘wait and hope for growth’ policy must change.   Lack of National Economic Plan a disgrace. In response to the latest Live Register and Redundancy figures, released today, (Thursday 5th August), ISME, the Irish Small & Medium Enterprises Association, castigated the government for its “hands off” approach to the jobs crisis. The Association called for an immediate National Economic Plan, with increased focus on initiatives to maintain employment, including the reintroduction of the Employment Subsidy Scheme to all sectors of the business community. The latest seasonally adjusted live register figures confirm that 452,500 people are claiming assistance, up 34,400 on the corresponding period last year, an increase of 8%, with the standardised unemployment rate rising to 13.7%. The Redundancy figures confirm that there have been 39,256 redundancies to the end of July, with 57% of these in construction and manufacturing and 43% of job losses were in the services sector. Females now account for 37% of redundancies, confirming that job losses continue to be spread throughout the whole economy. According to ISME Chief Executive, Mark Fielding, “the true level of unemployment is under-reported through increased emigration, increased participation on state training initiatives and a significant rise in individuals remaining in education. These facts mask the true picture in the jobs market; where well over half a million of our citizens are out of work”. “The total lack of an overall economic plan for the country is a...

Read More