Oireachtas Joint and Select Committees

Wednesday, 22 February 2017

Committee on Budgetary Oversight

Fiscal Outlook, Competitiveness and Labour Market Developments: Discussion

2:00 pm

Ms Patricia King:

The globalisation fund would concern me and the word "compensation" concerns me too. The reason is that our main aim is to try to protect the current jobs rather than look for a formula after they are lost. That should be said. The main premise of the globalisation fund was training. Indeed, we ended up with one situation where it was not even fully utilised. We became very aware of it in the Dell situation when all those jobs were lost. We should not pre-accept that there will be huge job losses. We should try to find a formula, which is the big conflict or issue, around the state aid rules so that we can protect the jobs in these extraordinary circumstances with subvention and without breaking state aid rules.

On the housing issue, the Nevin Economic Research Institute, together with ICTU, will publish a comprehensive document on 23 March relating to housing. The Deputy will find that the document will address some of the issues she has raised.