Oireachtas Joint and Select Committees

Wednesday, 9 November 2022

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Current Issues Affecting Trade in Ireland: Enterprise Ireland

Photo of Louise O'ReillyLouise O'Reilly (Dublin Fingal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

Mr. Clancy said in his submission, and used a nice turn of phrase, that some companies face a "moderation of their growth ambitions."

In layman's terms, namely, in pounds, shillings and pence, what will that mean? There is a lot of talk in the public domain about job losses. I would join with what Mr. Clancy said. People losing their jobs this morning or any morning is a rotten thing. They are facing a very uncertain future. When Mr. Clancy speaks of the moderation of their growth ambitions, does he mean job losses, layoffs or short time, or is it just not hiring extra people where that might have been planned? Can we get an idea of what this means exactly? There is quite a lot of flux at present. People are nervous for their own jobs and for jobs in their communities.