10,000 paid quality work placements to be introduced under new post-pandemic back-to-work scheme
The government plan will also see recruitment subsidies of up to €10,000 for employers who take people off the live register. 10,000 paid quality work placements are set to be introduced under a new post-pandemic back-to-work scheme. The government launched the Pathways to Work 2021-2025 scheme, which it describes as “an ambitious new strategy designed […]
5 years ago
People need to “avoid the paradox of thrift” and spend more to revive economy, says Leo Varadkar
“We need to avoid the paradox of thrift, in which people who have a bit of money are afraid to spend it.” Tánaiste Leo Varadkar has said that people need to “avoid the paradox of thrift” and spend more over the summer to help revive the Irish economy in the coming months. Varadkar said that […]
5 years ago
Ireland is now officially in recession
Earlier this year, the ESRI warned that the Irish economy was facing into the largest recession in history. Figures released by the Central Statistics Office (CSO) on Monday (7 September) have revealed that Ireland is now officially in recession. The CSO figures revealed Gross Domestic Product (GDP) contracted by 6.1% in the second quarter of […]
6 years ago
Irish economy faces “largest recession in history,” says ESRI
The Irish economy faces the largest recession in its history, as Covid-19 takes its toll. The Economic and Social Research Institute (ESRI) has said that Covid-19 will result in a major shock to economic life in Ireland, one which is unprecedented in modern times. In its latest Quarterly Economic Commentary, the ESRI said that the […]
6 years ago
The price of oil has dropped below $0.00 per barrel
Today marked a strange milestone for oil prices. For the first time in the history of trading, oil producers are now paying buyers to take the resource of their hands. The move comes as demand for oil has effectively dried up during the coronavirus pandemic. Because oil fields have continued to produce oil despite the […]
6 years ago
Bosses at big Irish companies are earning 50 times the average employee salary
One CEO earns 212 times the salary of his average employee. The Irish Congress of Trade Unions (ICTU) has today published its fourth annual report on CEO pay in Ireland, noting that some CEOs are making 212 times the money of their average employee. While the average worker’s salary had increased by 2.6% since 2017, […]
6 years ago