Oireachtas Joint and Select Committees
Tuesday, 13 November 2012
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Job Creation and Sustainability: Discussion with Chambers Ireland
3:50 pm
Mr. Seán Murphy:
Real job creation will occur when the domestic economy improves. The foreign direct investment sector is doing a good job but until the domestic economy recovers there will not be massive job creation. We need to be mindful of this in terms of the impacts we are having. This is the reason we continually espouse the concerns about tax increases as opposed to cost containment measures. The sick pay bill in the HSE last year was €250 million. A cost saving measure in that area would do a lot less damage to the economy than would other types of initiatives.