| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


How to use our RSS feed

Follow Finfacts on Twitter

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : Irish Economy Last Updated: Apr 23, 2013 - 7:40 AM

Irish Economy: Bruton's latest aspiration - - 20,000 net new manufacturing jobs by 2016
By Michael Hennigan, Finfacts founder and editor
Apr 22, 2013 - 4:17 PM

Email this article
 Printer friendly page
Ministers, Richard Bruton and Ruairi Quinn and Martin Shanahan (right) from Forfás, with Robin Rennicks (second from left) owner of Prodieco, Cookstown Industrial Estate, Tallaght, Dublin, April 22, 2013.

Irish Economy 2013: Another week and Richard Bruton, jobs minister, at a media event announces another jobs aspiration/ plan. This time it's a so-called plan for 20,000 additional jobs in the manufacturing sector by 2016. Meanwhile, the apprenticeship system is in a shambles and a disgrace compared with those provided by several European countries.

There are about 205,000 currently employed in the manufacturing sector and US drugs and medical devices firms dominate the sector in terms of output.

Richard Bruton and  Ruairi Quinn, the minister for education and skills, today published strategies prepared as part of the Action Plan for Jobs.

The ministers have received reports from expert groups which have come up with ideas over the past 2 years and it's not clear what either minister believes is feasible and how serious they are in terms of giving attention to the stated aspiration.

There is the inevitable laundry list of initiatives and the potential for adding 43,000 new jobs by 2020 is promoted. So this is where the 20,000 figure by 2016 is derived from.

The term 'strengths' appears in the manufacturing report 49 times; weakness or weaknesses get no mention.

Competitiveness and access to finance are cited as problems but these default reports in Ireland where the selected members of expert groups produce output that seldom challenge policy makers, are an insult to citizens.

Key actions are proposed across a range of areas, including; access to new funding, management training and support, costs reduction and technology adoption.

Finfacts: Irish apprenticeship system a shambles

Reports here.

Among the specific measures proposed are:

  • A new Start-up Fund run by Enterprise Ireland specifically targeting supports for new manufacturing start-ups;
  • Enterprise Ireland to introduce a new Capability Fund to support capital investment by manufacturing companies;
  • EI and IDA to target additional financial supports for R&D investment specifically targeted at engineering firms;
  • A new National Step Change Initiative available to all EI and IDA client companies that will systematically support manufacturing companies to
  • expand their client base through staff training and Peer Learning,
  • improve their adoption of new technologies and embrace R&D,
  • accelerate collaboration between companies in similar sectors to generate greater efficiencies in areas like global sourcing,
  • Proposals to maintain or reduce costs to manufacturing companies across areas like energy, waste, regulation, tax etc.
  • Better targeting of training at skills shortages in the manufacturing sector through the implementation of the Manufacturing Skills study.

This is pretty thin gruel, as a basis for growing net jobs in manufacturing by 21%.

Check out our subscription service, Finfacts Premium , at a low annual charge of €25 - - if you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to support the service.

Related Articles
Related Articles

© Copyright 2011 by Finfacts.com

Top of Page

Irish Economy
Latest Headlines
Finfacts launches new news site
Irish Farmers & Milk Prices: 'Shackles' off in April; Demanding safety-net in August
Irish pension managed funds returns at over 12% year-to-date in 2015
Irish chartered accountants' salary packages surge 13% in 12 months
Irish services PMI fastest rate since late 2006; Official data up only 2.4% in 12 months
Irish Economy: Tax €893m above target in year to July — €653m from corporation tax
Fact and Fiction: Time to review Ireland's economic statistics?
Irish M&A deals H1 2015: Dutch or UK firm acquires Irish firm for €32.6bn - they are both American
Irish manufacturing PMI strong in July
Irish Economy: Fall in GNP in Q1 2015; GDP rises
Irish Economy 2015: Central Bank lauds strong recovery; Time to start paying down debt
Irish Budget 2016: Ibec demands 20 tax cuts, spending and investment rises
Low pay in Ireland; Lowest social security & corporate taxes in Europe
Ireland vs Greece: Enda Kenny's false claims on growth, taxes and debt
Irish standard of living in 2014 below Euro Area average, Italian level; Prices 5th highest in EU28
Irish goods exports rose a record 30% in April - due to fake tax-related transactions
Mexican tall ship to sail into Dublin on June 17th
Irish industrial production up 20% in first four months of 2015; Construction down 2.6% in first quarter
Irish Economy 2015: ESRI slams return to boom-time pro-cyclical fiscal policy
Irish pension fund returns in average range 1.6% - 1.8% in May 2015
Irish service sector PMI remains strong; Tax avoidance clouds data
Ireland: Official unemployment rate at 9.8% in May; Broad rate at 19% — 440,000 people
Ireland: Fiscal Council warns of dodgy forecasts, no plan; OECD warns of new property bubble
Irish Public Finances: Tax revenue in first five months of 2015 €734m ahead of target
No simple measure of economic progress in Ireland: GDP & GNP defective
Irish manufacturing PMI rises in May; Production up unbelievable 45% in year to March!
ESRI says data volatility hinders Irish economic forecasting; Tax avoidance taboo cause
Ireland at 16 in international competitiveness ranking; US, Singapore and Hong Kong on top
Irish Economy 2015: Sectors to add 200,000 jobs?; Broad jobless rate at 19%
Irish Export Performance: Myths and reality - Ireland is a poor exporter
Irish Economy: 41,300 jobs added in 12 months to Q1 2015 - Construction up 19,600
China-Ireland: Economic relationship on a slow burn
Estonia, Austria, France, Ireland head global alcohol rankings
Irish Exchequer Returns: Tax receipts under target in April but ahead in year
Irish service sector PMI rose in April
Irish manufacturing PMI remained strong in April- includes overseas manufacturing
Irish Live Register + 90,000 activation scheme numbers at 439,000 in April
Ireland: Coalition drops 2018 full-employment target
Ireland Spring Statement: Noonan promises 200,000 net new jobs by 2018
Irish Economy 2015: Retail sales volume up 1.4% in month of March