Robert Troy (Longford-Westmeath, Fianna Fail) | Oireachtas source

I thank the Deputy for raising the issue. I share his concern about the impact of the announcement on the staff and the local community. I also share his concern about the manner in which the announcement was made.

I confirm that IDA Ireland is already seeking a buyer for the company's site and I am optimistic, given its location, infrastructure and connectivity, that it will prove appealing to companies looking to locate or expand here. I have asked IDA Ireland to keep me regularly updated on its progress in finding a new buyer.

We are going through a period of unprecedented uncertainty. Ireland's economy is outward-facing, export-orientated and reliant to a large degree on global FDI. This means that when a multinational company makes decisions about its operations, we can, unfortunately, feel the impact. IDA Ireland had another year of strong growth in 2019, with record levels of employment and investment. As difficult as it may be to appreciate now, we have reason to be confident that even in the current climate, new employment opportunities can be found.

I reiterate that IDA Ireland is committed to this site. It has already embarked on marketing it to find an alternative. I am happy to talk to the Tánaiste about a coming together between him, me and all the local representatives from that particular constituency to look at how we can work together in the new year to seek alternatives for the affected employees. I reiterate that our thoughts are very much with the employees. It is an awful thing to hear at any time, but particularly in the weeks leading up to Christmas.

With the forbearance of the Leas-Cheann Comhairle who I hope will not get too annoyed, the festive period is my favourite time of year and I wish my colleagues in government and in opposition and all the staff a very happy Christmas. I hope people get an opportunity to spend some quality time with their loved ones over the coming days.

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