Oireachtas Joint and Select Committees

Wednesday, 18 September 2024

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Sub-Minimum Rates of the National Minimum Wage: Discussion (Resumed)

9:30 am

Dr. Dermot Coates:

I can give the Senator the exact figures. We published them for the National Competitiveness and Productivity Council. We were asked to look at these figures in the summer and the information is already in the public domain. The figure for hospitality is 651 incorporations from January to May 2023. That has since eased back to 629, but it is still 629. In 2023, there were 70 liquidations. That figure has fallen to 55 in 2024. There were 109 voluntary strike-offs in 2023 but that figure fell back to 100 this year. Again, that is only from January to May.