I met a deputation from the Irish Congress of Trade Unions on 27 March, accompanied by the Ministers for Finance, Industry and Commerce and Labour to discuss the semi-State sector.
ICTU expressed concern at speculation relating to the possible sale of a number of State companies and outlined their position in relation to the matter as contained in their policy statement on privatisation: Public Enterprise and Economic Development.
My colleagues and I assured the deputation of the Government's commitment to an efficient semi-State sector and our concern that it should contribute to the faster growth of the economy and employment.
It was agreed that a working group, under the Central Review Committee of the Programme for National Recovery, would undertake a speedy review of the role and contribution of semi-State companies in economic development and in job creation. The working group will examine the various possibilities that exist to improve the performance of State companies including the possibilities for developing large scale indigenous companies capable of exploiting the Single European Market.
Copies of the joint Government-ICTU statement which issued after the meeting are available in the Oireachtas Library.