Dáil debates

Wednesday, 31 January 2007

8:00 am

Photo of Micheál MartinMicheál Martin (Cork South Central, Fianna Fail)

I would prefer to work with companies in Cork in expanding their portfolios. We meet many of them even when they do not have announcements coming down the tracks. We also work in bringing new companies into the area. IDA Ireland does a very good job in this. If results turn out poorly for companies, as they unfortunately did for Motorola, jobs will be cut. Motorola has cut 3,500 jobs globally. It is not a practice I would agree with but it tends to be the route certain companies take when the headcount or profit margins are wrong or when targets suggested to the markets are not reached. Motorola did miss targets for some of its key products during the Christmas.

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