Jobs

Planned redundancies jump 89% in six months to May

Research by GQ Littler attributed the rise to rising interest rates and exposure to tech firms

Microsoft became the latest multinational to announce redundancies earlier this week. Picture: Naoise Culhane

Planned redundancies in Ireland rose by 89 per cent in the six months to May to 7,767, compared to 4,099 in the prior six months, according to research by GQ Littler, an employment law firm.

The number of employers notifying the government of plans to make redundancies also rose. A total of 109 businesses notified the Department of Enterprise Trade and Employment of planned redundancies in the six months to May, up from 65 in ...