The following table of figures shows the actual number of employees who qualified for statutory redundancy lump sum payments on a year by year basis from January 2002 to end November 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.
The increase in redundancies reflected in 2007 and, more particularly in the current year to date, indicate the considerable downturn being experienced in all of the major employment sectors of the economy and, in particular, in the construction sector. My Department will continue to carefully monitor the trends in the level of redundancies.
Actual Redundancies 2002-2008
Year
|
2002
|
2003
|
2004
|
2005
|
2006
|
2007
|
2008
|
Actual
|
24,432
|
25,769
|
25,041
|
23,156
|
23,684
|
25,495
|
37,296
|
% Increase/Decrease on previous year
|
51.9%
|
5.5%
|
-2.8%
|
-7.5%
|
2.3%
|
7.5%
|
57.1%
|