Written answers

Wednesday, 6 February 2008

Department of Enterprise, Trade and Employment

Company Closures

9:00 pm

Photo of Jimmy DeenihanJimmy Deenihan (Kerry North, Fine Gael)
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Question 238: To ask the Minister for Enterprise, Trade and Employment the number of Industrial Development Authority supported companies that closed in County Kerry from January 2002 to December 2007; the number of jobs that were lost in these closures; and if he will make a statement on the matter. [3998/08]

Photo of Micheál MartinMicheál Martin (Cork South Central, Fianna Fail)
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Details regarding IDA Ireland supported companies and jobs in County Kerry from January 2002 to December 2007 are outlined in the following table. The number of client companies has declined from 21 in 2002 to 16 in 2007. The total number of closures was 8. This table also outlines the number of jobs lost in the County broken down by year.

The recognition under the National Spatial Strategy 2002-2020 of the importance of Killarney and Tralee as linked Hubs will assist IDA Ireland in promoting the region for inward investment. It will also assist in the development of the necessary critical mass needed in terms of population, skills and infrastructure. Kerry has traditionally been a centre of manufacturing for foreign direct investment. However, over recent years it has proved challenging to maintain and attract overseas manufacturing companies into the County as much of this investment globally is going to low cost destinations such as Eastern and Central Europe and China. As a result of this locational shift in global manufacturing, Kerry has seen a number of closures within the multinational sector.

IDA Ireland's strategy for Kerry has been to promote the county as part of an integrated region with access to the county population base of 139,616 as well as the expanded population of both the Mid West and South West Regions with a combined population of 935,039. Based on the strengths of the region IDA is particularly targeting the ICT (including software), International Financial Services and Globally Traded Business sectors. IDA Ireland will continue to promote the region and the advantages of locating in Kerry, which include a young skilled population, the presence of the Institute of Technology in Tralee and the availability of first class business parks and a regional airport. In addition to attracting new foreign direct investment, IDA continues to work closely with its existing clients in Kerry to encourage them to expand their operations in the county.

Employment in IDA assisted companies in Kerry.
Years200220032004200520062007
Total No. of companies212220171616
No of company closures103310
Permanent Employment2,4172,1801,9951,8671,7671,838
Gross Gains151849910473120
Job Losses-666-321-284-232-173-49

Photo of Jimmy DeenihanJimmy Deenihan (Kerry North, Fine Gael)
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Question 239: To ask the Minister for Enterprise, Trade and Employment the number of Industrial Development Authority supported companies that closed in County Cork from January 2002 to December 2007; the number of jobs that were lost in these closures; and if he will make a statement on the matter. [3999/08]

Photo of Micheál MartinMicheál Martin (Cork South Central, Fianna Fail)
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Details regarding IDA Ireland supported companies and jobs in County Cork from January 2002 to December 2007 are outlined in the following table. The number of client companies has declined from 137 in 2002 to 134 in 2007. The total number of closures was 36. This table also outlines the number of jobs lost in the county broken down by year. The recognition under the National Spatial Strategy 2002-2020 of the importance of Cork as a major gateway location and Mallow as a hub, will assist IDA Ireland in promoting the region for inward investment. It will also assist in the development of the necessary critical mass needed in terms of population, skills and infrastructure. IDA Ireland will continue to actively promote Cork and the advantages of locating in Cork, which include a young skilled population, the presence of both a University and an Institute of Technology, the availability of first class business parks, good infrastructure and an international airport.

Over the past 10 years, direct employment in IDA supported companies in Cork City and County has grown from 12,449 in 1997 to 20,114 in 2007. There are currently 134 IDA supported enterprises in Cork City and County. Recent announcements in Cork include Blizzard, SolarWinds and Apex. These projects will significantly add to the value and depth of the overseas industry in Cork. In addition to attracting new foreign direct investment, IDA continues to work closely with its existing clients in Cork to encourage the expansion of their operations.

Employment in IDA assisted companies in Cork
Years200220032004200520062007
No of companies137137140141139134
No of company closures764388
Permanent Employment18,36318,30118,87019,33920,26320,114
Gross Gains (New Jobs)1,6881,2341,3541,2652,0571,522
Jobs Losses-2,027-1,296-785-796-1,133-1,671

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