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Sep 032009

New figures released this week reveal that the services industry has been worst hit by job losses this year, with construction and manufacturing workers also suffering severe cuts.

The Department of Enterprise Trade and Employment figures show that 54,887 people have lost their jobs so far this year compared with 23,402 during the same period in 2008. That’s an increase of 134.5% year-on-year. The services industry accounted for 18,974 of those redundancies, or 35% of the total jobs lost, followed by construction with 13,942 job losses (25%), and manufacturing with 10,510 job losses (19%). Dublin, with 40% of redundancies, was top in terms of the geographical distribution of jobs lost, followed by Cork, Limerick, Galway and Kildare. Around 68% of people who lost their jobs were men.

Unemployment figures released on the same day showed the total number of people signing on rose again in August to 440,056, or 12.4% of the Irish workforce.

Aug 052009

Image by iamPatrick via Flickr

Around 150 jobs have been lost with the closure of seven 4-Home DIY and homeware stores around the country. The retail chain closed their outlets in Killarney and Ballincollig last week, on the back of earlier closure in Portlaoise, Carlow, Monaghan, Ashbourne and Macroom.

There are also fears for the future of outlets in Fermoy and Mitchelstown as Reox Holdings, a Dairygold Co-op spin-off company, implements a major restructuring plan. Talks between Reox and Dairygold about the possible acquisition of some of the nine remaining 4-Home stores in Munster by the Co-op are ongoing.

Earlier this year Reox announced that it was reviewing the performance of each of its stores as a result of a significant downturn in the sector. According to a company spokesman the recession had caused consumer confidence to plummet and they were spending less on home improvement products. Central Statistics Office figures bear out that statement, showing a huge drop in home-related sales over the past year.

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