Eamon Gilmore TD

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PFIZER JOB LOSSES A SERIOUS ECONOMIC BLOW TO DUN LAOGHAIRE

Issued : Tuesday 18 May, 2010

The announcement of the planned loss of 210 jobs as the Pfizer plant will be a serious economic blow to Dun Laoghaire and the surrounding area.

 

This is one of the biggest job losses ever announced in this area and when the impact of the loss of purchasing power and ancillary employment is taken into consideration, the economic impact would be very severe.

I hope that the government is not simply going to throw in the towel in the face of the Pfizer announcement. The jobs are to go over the next 18 months and prompt intervention on the part of the Minister for Enterprise, Trade and Innovation could yet result in at least some of these jobs being saved.

We have now had eleven months in succession where the Live Register numbers have been in excess of 400,000 yet it is evident that unemployment remains very low on the government’s list of political priorities.

Every job that goes represents a loss of more than €20,000 to the Exchequer in terms of additional social welfare payments and tax foregone. The cost of the proposed job losses in Dun Laoghaire would be over €4m. It is time that the government started treating unemployment with the seriousness it deserves.