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