Seanad debates
Tuesday, 18 February 2003
Finance and Related Matters: Statements.
I listened to the Minister of State list a whole series of realities. I shall point to some realities that he might usefully confront in his summary. An Exchequer surplus of €95 million is of little comfort to the 300 workers who will shortly walk out the gates of the Square D plant, Ballinasloe, County Galway, with their dole and redundancy money in their hands and no replacement industry and no prospect of compensatory jobs in sight; of little benefit to the 137 workers about to lose their jobs at the Terex CPV plant, Clones, County Monaghan; of little consolation to the 310 highly skilled workers about to lose their jobs at the recently merged Logica and C & G Company plants in Dublin and Cork, and of little comfort to the Dublin based technology firm, Marakesh, which three weeks ago announced it was to shed one third of its staff in an attempt to cut costs and keep the enterprise afloat. The Minister for Finance, Deputy McCreevy's Houdini-like Exchequer surplus trick is cold comfort to the distraught 250 workers at the Technicolour Company, Youghal, County Cork, who have been told their jobs will be phased out completely as and from next month, bringing to 5,000 the number of jobs lost in the east Cork region in the past five years. What a frightening figure and a frightening indictment. The reality is that jobs and enterprises are falling like ninepins.
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