Seanad debates

Thursday, 2 February 2012

5:00 pm

Photo of Jim WalshJim Walsh (Fianna Fail)

I thank the Minister of State for his response and I note the qualitative analysis recognised the directive could have an adverse effect on employment, particularly in the absence of a derogation facility. Am I right to assume we do not have a derogation facility and therefore this will have an adverse effect on unemployment? Loss of employment could arise from the loss of future investment projects. I was told by someone in the industry it will have implications for that person's business. A decision would be taken outside of here, but that business could end up moving to India or another lower labour cost country.

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