Oireachtas Joint and Select Committees

Tuesday, 17 February 2015

Select Committee on Jobs, Enterprise and Innovation

Estimates for Public Services 2015
Vote 32 - Jobs, Enterprise and Innovation (Revised)

1:35 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

I will take them in order. The Deputy is correct to alert us to job losses, but that rate of job loss in the context of the IDA's total portfolio is 4%, which is one of the lowest on record. It is marginally higher than last year, but last year it was at an extraordinarily low level. We take a very keen interest in companies in difficulty. The IDA has a substantial transformation programme targeted at identifying companies that need improvement in some area or another. This year, for the first time, we are introducing a budget in the Action Plan for Jobs focused on lean processes to be applied in those companies and on management development to be available to the IDA. Some of the EI programmes that were in place and which have established a track record are now being extended into the IDA. Indeed, some of the lean process is done by EI on behalf of the IDA, so we are expanding the knowledge that was learned in Enterprise Ireland.

The same can be said of Enterprise Ireland, although I do not have the exact percentages. Again, last year was higher than the previous year, but it was a very low number in the previous year. What we saw in 2014 was something of a comeback in the level of job losses in some of the company base. However, I expect that in the recession years there was a big shake-out and that left something of a dip, but we are well below what would traditionally be a norm for a job loss rate. Nevertheless, the Deputy is correct and we are very alert to it. It is key. Maintaining a job is much easier than creating a new one, certainly in Enterprise Ireland companies.

With regard to the new units, the midland building is located at the IDA Garrycastle business and technology park. It is 2,600 sq. m. I will get the Deputy an update on the exact state of play on that, as I do not have the latest one with me.

On the LEO job creation, the LEOs are reporting full-time gains of 3,127 and part-time gains of 1,132. Those are probably gross gains.

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