Dáil Éireann Debate, Tuesday - 7 November 2023
414. Deputy Catherine Murphy asked the Minister for Enterprise, Trade and Employment if he and-or the IDA has engaged with a company (details supplied) in respect of reports that the company will file for bankruptcy in the United States and the impact of that in Ireland in respect of its operations; and if he will make a statement on the matter. [48541/23]
View answerIn recent months, reflecting a number of international economic uncertainties, we have seen global job loss announcements from a number of companies, in a number of sectors, most notably, ICT. In this regard, many businesses throughout the world are still adjusting to the current climate, which may, unfortunately, mean further redundancies worldwide, and, given the nature of Ireland's open, globally trading economy, we are not immune from these impacts. This is especially so for the FDI sector, albeit, in aggregate, Ireland has not been impacted disproportionately, and, in some cases, job reductions here have been fewer than for other locations in global companies with operations in Ireland.
In relation to the report highlighted by the Deputy, I know that IDA Ireland has engaged with the company recently with a meeting scheduled to take place in the coming weeks to discuss company developments, including, of course, the particular report raised by Deputy Murphy. In this regard, officials of the IDA, as well as my own Department, will keep me informed of any developments as and when they arise. We are all acutely aware of the unsettling nature such reports are for workers that could be potentially impacted and I would urge that as much clarity as is possible, and early engagement with their Irish workforce, be provided by the company.
