Oireachtas Joint and Select Committees

Thursday, 31 January 2013

Public Accounts Committee

Enterprise Ireland - Annual Report and Financial Statement 2011

11:50 am

Mr. Frank Ryan:

Yes. Our target for 2013 is a minimum of 10,500 first-time jobs. We cannot estimate job losses but we hope they will remain at a low level. In Enterprise Ireland, we are realistic about what we can contribute to the overall job numbers. We are faced with the reality that overseas exports are doing very well but the domestic side is on its knees. Traditionally, going back over many years, we have looked at domestic activity as creating employment in client companies. However, that is not there at the moment. Half of our total revenues are exports and the other half is domestic. There is no growth on the domestic side and the only growth we are getting is on the export side. We are getting good growth on the export side. We have no magic wand to turn it around.

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