While the technology sector, which includes software, has undergone a period of sustained growth for the past 20 years, recently it has seen some significant contraction. Where IDA Ireland's multinational clients in this sector have announced global job reductions, the reductions have typically been less than 10% of their total global workforce. Furthermore, in most cases, the job reductions implemented in Ireland have been lower in percentage terms than the globally announced figure. Typically in an economy with such low levels of unemployment, employment opportunities will arise, especially for the talented people employed by the software sector.
Nevertheless, where such job losses are announced for Ireland, our first and primary concern is for staff members and their families impacted by such decisions. The supports we can provide in conjunction with our enterprise development agencies and other Departments is at the forefront of our response. Moreover, the Protection of Employment Act makes it mandatory for employers proposing a collective redundancy to engage in an information and consultation process with employees' representatives for at least 30 days and to notify me, as Minister for enterprise, tourism and employment, of the proposed collective redundancy. Such an employer is prohibited from issuing any notice of redundancy during the information and consultation process with employees' representatives, and the employer cannot make employees redundant until at least 30 days after the Minister has been notified of the proposed collective redundancy. In any such redundancy scenario, the enterprise development agencies under my Department assist, where possible, those impacted to find alternative employment. This includes sharing the skills portfolios of impacted employees with companies that may be hiring, such as multinationals in IDA Ireland's client portfolio. Equally, working with IDA Ireland, our objective is to help to sustain and create further employment in the technology and software sector overall.
In relation to the software sector it is important to note that the commitment of technology companies to Ireland remains exceptionally strong. Last year Ireland secured investments from leading companies in the sector including Microsoft, IBM and Intercom.
On the Deputy's specific question, the Department was notified this week but I do not have the exact date in front of me.