Employment in Irish industry fell 21,300 in 12 months to Q2 2009 despite rise in pharmaceutical production; Private sector unit labor costs also dipped
Nov 20th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Employment in Irish industry fell by 21,300 from 232,600 to 211,300 employees between Q2 2008 and Q2 2009, despite the rise on pharmaceutical production in the US-owned sector. NCB Stockbrokers says there is evidence in the long-awaited Q2 earnings data (albeit covering just 18% of the private sector workforce) to suggest that the private sector is reducing labour costs, albeit in a different way than is commonly presumed.