The Minister for Enterprise, Trade
and Innovation Mr Batt O'Keeffe T.D. has welcomed
Enterprise Ireland's Annual Report and Accounts 2009 published today, saying
the report shows a robust performance by Irish companies during the global
economic recession in 2009. He also stated that Enterprise
Ireland client companies will create 60,000 jobs by the end of 2015,
as spin again clashes with
Enterprise Ireland is the Government
agency responsible for the development of Irish companies and driving Irish
export sales. Enterprise Ireland says client companies are responsible for over
250,000 jobs (134,000 directly employed -- the rest of the jobs are an
estimate) and spend an estimated €19bn per annum
in the Irish economy, "delivering huge economic impact to communities across
almost every town in Ireland."
The problem about the credibility
of the jobs target is that no net additional jobs were created in the tradable goods
and services sector compared with 1998; If direct jobs are the target, there
must be an almost 50% jump in the employment in the sector; if an estimate of
indirect jobs is used, it is a sleight of hand; is the 60,0000 target net jobs or could as
many new jobs be lost as are created, as happened in the past decade?
In Ireland, total permanent
full-time employment in the manufacturing and internationally traded services
sectors amounted to 272,053 in 2009. It was 276,287 in 1998. Employment in
foreign-owned firms was 132,596 in 2009 and 140,281 in 1998.
So given that during a boom period, there was
no growth in employment, how will growth be achieved against a backdrop of both
a changed domestic and international market
Over 19000 jobs were lost at Enterprise Ireland-supported companies last year.
Enterprise Ireland's Annual Report and Accounts 2009, total export sales by
Enterprise Ireland client companies in 2009 fell 10% in 2009. The total was
almost €13bn and included new export sales of €693 million.
The exports by EI firms were less
than 9% of total exports from Ireland in 2009.
Enterprise Ireland made seed capital investments in 73 new high potential
start-up companies which together will create over 900 new jobs and achieve
total sales of over €600m within the next three years.
Ireland's investment in over 800 start-up companies over a 20 year period (1989
- 2009) has yielded more than €1bn in Irish exports and in excess of
14,000 jobs, according to the agency.
Finfacts article, June 2010; Ireland: A jobs crisis in search of a national strategy