Incoming Taoiseach Brian Cowen says Ireland has lost competitiveness in recent years; Concerned at the very significant payments being made to senior business people
Apr 23rd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Incoming Taoiseach Brian Cowen said today that over the last number of years prices here have risen more rapidly than elsewhere in Europe. At the same time productivity growth has eased. Therefore, on any measure, we have lost competitiveness. He said he is concerned at the very significant payments being made to senior business people and the signal these payments send out to the majority of workers in relation to two key principles of social partnership; fairness and equity.