Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

File photo eflon via Flickr

More than one in five companies now planning to hire new staff

There has also been a dramatic drop in the number of small firms warning of compulsory redundancies.

THE NUMBER OF firms who plan to increase their staff numbers has almost doubled since last year, according to a new study.

The latest report from employers’ group IBEC shows 21 per cent believe they will hire new workers in the next three months – nearly twice the figure for this quarter last year. The improvement was mirrored in a separate study from the Small Firms Association, which found that 15 per cent of respondents plan to hire new permanent staff while only three per cent said they would be laying people off.

In 2009, the number of small firms planning layoffs stood at 22 per cent.

The IBEC study, which covers the second quarter of 2011, also shows positive indications in a number of other areas. Companies’ confidence in the overall business environment continued to improve, with the figure now at minus 17 per cent – up from minus 32 in the last quarter of 2010. And export sales remain strong, despite a slight decline since the first three months of 2011 – which was matched by a five per cent dip in domestic sales.

Fergal O’Brien, chief economist at IBEC, said: “If we are to really tackle the unemployment problem, domestic demand must improve. Government must communicate better with consumers in relation to the nature and scale of the economic challenges.”

There was also bad news for the financial sector as it emerged AIB is still pushing to cut around 2,000 posts. The bank’s proposals have been referred to the Labour Relations Committee after talks with unions – who were seeking assurances that all redundancies would be voluntary – broke down last week, the Irish Times reports.

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
5 Comments
    Install the app to use these features.
    Mute Sue Anthony
    Favourite Sue Anthony
    Report
    Jun 27th 2011, 11:21 AM

    That is not reflected in the jobs advertised in newspapers and on the internet.

    9
    Install the app to use these features.
    Mute Jamie Murphy
    Favourite Jamie Murphy
    Report
    Jun 27th 2011, 1:34 PM

    Because in ireland its not what you know its who you know!

    14
    Install the app to use these features.
    Mute Sue Anthony
    Favourite Sue Anthony
    Report
    Jun 27th 2011, 1:43 PM

    Know so so many people and still not getting anything, 1 year out of work and it’s now getting me down! Any offers anyone ?

    1
    Install the app to use these features.
    Mute David Higgins
    Favourite David Higgins
    Report
    Jun 27th 2011, 1:48 PM

    20% vs 100% during the boom. This is still a damming statistic. Most businesses too burdened to want to hire. Cut in employers PRSI will help but the government needs to do more. Keep taxes low and make it easier and more attractive to hire.

    5
    Install the app to use these features.
    Mute Piero Tintori
    Favourite Piero Tintori
    Report
    Jun 27th 2011, 1:46 PM

    To be fair, we have quite a few vacancies but have trouble filling them. Certainly for more technical skilled jobs people are either not moving job or the people aren’t out there. If you know anyone take a look at http://www.terminalfour.com/careers (shameless plug)

    3
Submit a report
Please help us understand how this comment violates our community guidelines.
Thank you for the feedback
Your feedback has been sent to our team for review.
JournalTv
News in 60 seconds