Written answers

Wednesday, 21 June 2006

Department of Enterprise, Trade and Employment

Company Closures

9:00 pm

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael)
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Question 169: To ask the Minister for Enterprise, Trade and Employment the number of enterprises that have ceased trading and the number of jobs lost as a consequence in this country in the past five years; if any of these jobs have relocated to other jurisdictions; if so, the extent to which they have been relocated; and if he will make a statement on the matter. [24121/06]

Photo of Micheál MartinMicheál Martin (Cork South Central, Fianna Fail)
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The tabular statement gives redundancies notified to my Department from 2001 to date. These figures do not show the number of companies which have ceased trading; companies can have redundancies without ceasing to trade. Figures relating to company closures are not available. Nor is it possible to determine the number of these jobs, if any, which have relocated to lower wage economies. Relocation is just one factor in the many enterprise-related issues that determine employment levels.

My Department is continuing to work to ensure that Ireland remains an attractive place to do business. In that regard, we are making significant efforts to enhance our framework competitive conditions, and to promote new areas of competitive advantage, such as by developing our R&D base as elaborated in the Strategy for Science, Technology and Innovation. Our priority remains the creation of high quality, sustainable employment, driven by companies with higher profitability, that are more technologically advanced and prove a better fit with the competitive characteristics of our economy, and that are consequently less likely to move on the basis of simple cost influences.

To enhance competitiveness and increase productivity, the enterprise development agencies are working with companies to provide mentoring and developmental supports, develop management capabilities and critical workforce skills, support the creation and implementation of strategies for market entry, development and growth, to build productivity, and to provide support for innovation and for research and development. Furthermore, we are continuing to pursue policies to promote lifelong learning and up-skilling to improve labour market flexibility and, where necessary, ensure that appropriate training supports are provided for workers in sectors that are no longer competitive, to help them find alternative employment.

Redundancies 2001 to date
2001 16,085
2002 24,432
2003 25,769
2004 25,041
2005 23,156
2006 (to May) 9,933
Total 124,416

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