Manufacturing in worrying state
It is difficult to argue with the assessment of ISME, the small business lobby group, which warned last week that the manufacturing sector was ‘‘on the ropes’’.
The announcement of 450 planned job losses at Cadbury is just another signal that, for manufacturing, Ireland is no longer a cost-effective place from which to operate.
Fortunately, the decline in employment in this sector has been masked to some extent by increases in construction and services. But with manufacturing on the decline, productivity growth stalled and a significant deficit on our trade balance with the rest of the world, the warning signs for our economy...
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