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News : Irish Economy Last Updated: Jun 28, 2011 - 12:00 PM

Irish jobs at foreign multinationals in 2010 were at 1998 level; Jobs in Irish-owned tradeable sector also back to 1998
By Michael Hennigan, Founder and Editor of Finfacts
May 26, 2011 - 7:07 AM

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Irish jobs at foreign multinationals in 2010 were at 1998 level while employment in the Irish-owned tradeable sector was also back to 1998, according to a report published on Wednesday.

The Annual Employment Survey produced by State policy advisory agency, Forfás, provides an analysis of employment levels in industrial (including Primary Production) and services companies under the remit of enterprise agencies IDA Ireland, Enterprise Ireland, Shannon Development and Údarás na Gaeltachta - - the firms in effect are in the internationally tradeable goods and services sectors of the economy, including firms that sell domestically but have potential to export.

Full-time employment at foreign-owned firms in 2010 was 139,308; it was 139,233 in 1998. Full-time employment at Irish-owned firms in the tradeable goods/services sectors was 136,385 in 2010 and 138,376 in 1998.

The workforce expanded 25% or 400,000 people in the 10 years to 2007 but almost all the net jobs added were bubble jobs in construction, public sector (led by education and health), domestic business services, retail, leisure and distribution.

In 2001, there were 316,000 employed in the internationally tradeable goods and services sectors; there were 321,000 employed in 2007, the last year of the bubble - -  a net increase of just 5,000.

In current price terms, exports increased from €105bn in 2000 to €157bn in 2010.

The Forfás report says total permanent full-time employment in agency-assisted companies operating in all sectors amounted to 275,693 in 2010. This is a decrease of 6,521 jobs (2.3%) on employment levels in 2009, and reflects a softening in the contraction in the economy throughout 2010. It follows a very substantial 32,362 net job loss in 2009. While there continued to be employment losses due to plant closures in 2010, approximately four-fifths of losses are being generated by companies who are continuing to trade but are reducing their staff numbers.

Total full-time employment among Irish-owned companies amounted to 136,385 in 2010, a decrease of 4,889 (3.5%) on the previous year. Employment in Irish-owned firms had increased from 153,869 in 2001 to 164,911 in 2007 (7.2%), but fell by 17.3% (28,526 jobs) from this recent pre-recession peak. While large full-time employment losses were seen in Irish-owned companies, there was a continued increase of 8.3% (1,466 jobs) in part-time temporary jobs in 2010, reinforcing a trend arising in 2009, when many companies reduced full-time employment and increased part-time employment.

Among foreign-owned companies, total full-time employment amounted to 139,308 in 2010, a decrease of 1,632 (1.2%) on the previous year. In 2001, employment in foreign-owned firms stood at 162,688 and fell by 7% to 151,342 in 2003 following the dot-com bubble, before recovering again to 156,297 in 2007. Over the recent recession, employment in foreign-owned companies has decreased by 16,989 (10.9%), over the period 2007-2010 to 139,308. As with Irish-owned companies, foreign-owned part-time employment also increased significantly, by 1,897 jobs (14.1%) in 2010.

Full-time employment in all Industrial sector companies declined from 230,718 in 2001 to 215,375 in 2007 (a fall of 6.7%), while services employment increased 23.7%, from 85,539 to 105,833 in 2007. Between 2007 and 2010, employment in Industry declined 18.5% from 215,375 to 175,582 during the recession, while services employment held fairly steady over the same period (105,833 in 2007; 102,111 in 2010).

There was a net loss of 7,231 jobs (4.0%) between 2009 and 2010 in the Industrial sector. Net job losses occurred in all Industrial sub-sectors in 2010, with the exception of the Food sector, which showed a modest net gain of 133 jobs (0.4%). The sectors that showed the most significant net losses were Non-Metallic Minerals (-971; 14.6%), Construction and Utilities (-815; 11.6%), Basic & Fabricated Metal Products (-731; 6.7%), Miscellaneous Manufacturing (-715; 10.3%), and Chemicals (-706; 3.0%).

The services sectors experienced an employment rebound in many areas, including Computer Consultancy and Other IT and Computer Services Activities, which recorded increases of 1,025 jobs (4.0%), and 643 jobs (14.1%), respectively. Business Services were down 634 jobs (4.9%). Financial Services recorded modest employment losses of 368 jobs (1.8%).

Total employment in the services sectors increased to 102,111 in 2010 which was a net gain of 710 or 0.7% on 2009. This is an increase of 16,272 (19.0%) on 2001 employment levels.

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