Future of many thousands of jobs uncertain, warns Central Bank

About 320,000 jobs are still being supported by the pandemic employment wage subsidy scheme – which means uncertainty for those workers when scheme winds down

Mark Cassidy: ‘The number of workers in receipt of the employment wage subsidy scheme has remained “remarkably constant” throughout the pandemic’. Picture: Fergal Phillips

The future of hundreds of thousands of jobs being propped up by government supports remains unclear as the economy emerges from Covid-19 restrictions, the Central Bank has warned.

In its latest update on the health of the economy last week, the bank said that 160,000 jobs could be created by the recovery from the pandemic.

Mark Cassidy, director of economics and statistics at the Central Bank of Ireland (CBI), said a robust recovery appeared to ...