Oireachtas Joint and Select Committees
Wednesday, 7 September 2022
Committee on Budgetary Oversight
Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion
Mr. Fergal O'Brien:
Any area that is production- or manufacturing-oriented with high energy content, including sectors such as building materials, heavy engineering and large goods production. Food has a high energy cost, but given the nature of its production that will, by and large, have to continue unless businesses are facing absolute failure. In other industries, however, we would expect to see reduced hours, shifts and production times. We are going to see this in the coming weeks and months. Our members are saying to us that they simply cannot continue to run their production processes at these levels of energy costs.
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