The numbers of redundancies notified to my Department in the years mentioned by the Deputy are 13,316 in 2000, 19,977 in 2001, 25,358 in 2002 and 4,264 up to the end of February 2003. The increase in redundancies which these figures represent must be seen in the context of the international economic environment in recent years. Even before the current uncertainties relating to Iraq, a sequence of events had acted to produce an international economic downturn, manifested in weak global demand, volatile stock markets, curtailment of investment and a fall-off in business confidence generally. Global economic conditions remained weak in 2002.
As an open economy, Ireland cannot hope to remain unaffected by events in the global market place in which it operates. The increased level of job losses occurring here is a reflection of slower economic activity experienced in Ireland in line with adverse global economic conditions.
In dealing with closures and major job losses, the State agencies under the aegis of my Department work closely with the companies affected and local interests in addressing the difficulties arising and seek alternative employment opportunities and provide training for the workers affected.
In a difficult economic environment, the IDA continues to enjoy considerable success in promoting Ireland as an investment location, with the number of new investments secured in 2002 up by two thirds on 2001. At the same time, its measures to promote more high value activities by overseas companies in Ireland are bearing fruit, with companies undertaking in 2002 to invest nearly €120 million in research and development activities in their Irish operations.
Enterprise Ireland and Shannon Development are continuing to work closely with indigenous companies as they seek to minimise the negative impact of a difficult international trading environment. As well as working with existing client companies in improving their competitiveness and in developing their exports, a range of initiatives are being put in place geared towards Irish companies developing export markets for the future.
In the current global climate of major geo-political uncertainty, the Government will continue its work of addressing the factors necessary to maintain Ireland's competitive position.