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Foreign Direct Investment.

Dáil Éireann Debate, Wednesday - 10 March 2004

Wednesday, 10 March 2004

Questions (98)

Paul Connaughton

Question:

165 Mr. Connaughton asked the Tánaiste and Minister for Enterprise, Trade and Employment the number of IDA supported new jobs here, in Leinster and the BMW area, for 2003; the number of IDA supported jobs lost in 2003 here, in Leinster and the BMW area; the cost to the Exchequer for the creation of such jobs in 2003 here, in Leinster and the BMW area; and if she will make a statement on the matter. [7956/04]

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Written answers

IDA Ireland is the agency with statutory responsibility for the attraction of foreign direct investment to Ireland. Employment data on job creation and job losses, broken down on a regional or area basis, is obtained from the annual Forfás employment survey. As the 2003 annual Forfás employment survey is expected to be published at the end of March 2004, only preliminary data on a national basis is currently available. The following employment figures are in respect of IDA Ireland client companies for the year 2003.

Permanent Employment

128,993

Gross Gains (New Jobs)

9,182

Job Losses

-12,193

Net Change in Employment

-3,011

While gross job losses at 12,193 were disappointing and produced a net change of minus 3,011, there was a continued reduction in the level of job loss compared with 2001 and 2002. The cost per job sustained is also obtained from the annual Forfás employment survey and is only made available on a national basis. While no figure is yet available for the period between 1997 and 2003, the cost per job sustained between 1996 and 2002 was €15,897. It is calculated by taking into account all IDA Ireland expenditure to all firms based on constant prices over a seven year period. Only jobs created during, and sustained to the end of, each period are credited in the calculations. The following table shows the cost per job sustained on a rolling seven year basis since 1981.

Cost Per Job Sustained (Constant 2002 Prices)

Year

1981/87

1982/88

1983/89

1984/90

1985/91

1986/92

1987/93

1988/94

Cost (€)

50,413

45,220

38,802

34,060

32,369

30,350

25,417

20,625

Year

1989/95

1990/96

1991/97

1992/98

1993/99

1994/2000

1995/2001

1996/2002

Cost (€)

18,960

18,428

17,965

17,166

15,124

14,076

14,017

15,897

Source: Forfás Annual Employment Survey 2002

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