The table of figures below shows the actual number of employees who were paid statutory redundancy lump sums on a year by year basis from January 2002 to end August 2008. This does not reflect those who lost their jobs having less than two years service in an employment as this does not qualify for payment under the Redundancy Acts.
My Department carried out an analysis last year in which the average annual level of redundancies for the period 2002-2006 was compared with the level of redundancies in the period 1995-2001. It was found that the level of redundancy had almost doubled and the cause may be attributed to two factors:
Firstly, there were more people at work in the more recent period; this accounted for 20% of the increase in the level of redundancies.
Secondly, the risk of redundancy increased significantly in the second period and this accounted for 80% of the increase in the level of redundancy.
Actual Redundancies 2002-2008
Year
|
2002
|
2003
|
2004
|
2005
|
2006
|
2007
|
2008
|
Actual
|
24,432
|
25,769
|
25,041
|
23,156
|
23,684
|
25,459
|
23,545
|