Economic Meltdown

Working together for the future

Working together for the future

Economic Meltdown appears to have been averted in the 2010 Budget but this is small consolation for those of us in the private and public sector who now are bearing the brunt of the severest budget in living memory. The worldwide economic community appear to be full of praise but the reality is we, the Irish Nation will have to live with reduced incomes, strikes and reduced living standards for at least the next three years

The only positive aspect of all this is, that good or bad news what ever your perspective we at least now have direction and from here action can be taken. From an oft heard maxim, fear causes paralysis, action cures fear.

Perhaps at this point we may see a move towards job creation as the economic fire fighting that has so long been a feature of the governments performance in the past two years  may soon move into positive decisive action that will encourage investment and bring us back to some semblance of order and perhaps to a new economy that leaves behind the pursuit of property as an end in itself and back towards an econmy that relies on Irish knowledge, skills and talents that brought prosperity in the recent past.

But  perhaps this time we will remember what and who brought us today to the situation we find ourselves in as a nation and  perhaps next time round we will be weary of sweet promises of today that bring a bitter tomorrow from those we previously regarded as the pillars of our nation

It’s not all bad news?

High Value Jobs are still being attracted to and being created in Ireland

High Value Jobs are still being attracted to and being created in Ireland

Its not all bad news on the jobs market. IDA Ireland have announced in the past month alone a number of new expansion and investments by major multinational clients involved in Pharmaceutical manufacturing, R&D, software production, customer and financial services who will be creating several hundred science jobs  over the next five years.

Granted there have been job losses too; but these are high value jobs that continue to be created, are in the knowledge economy where long term investment is crucial as these attract additional support positions and are generally indicative of long term rather than short term commitment by MNC’s.

This is borne out by more  and more multinational firms who have decided to set up their research and development departments in Ireland, again a key indicator of long term confidence and future commitment.

Medical Device Manufacturing and advanced manufacturing firms employing plastics/ polymer, manufacturing and life science engineers  for the biopharma industry continue to recruit which can be attested by the high levels of activity within the Irish Recruitment agency market especially those catering for Medical and R&D Jobs.