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Government job creation strategy nowhere near adequate – Morgan

2 March, 2010

Speaking today after the launch of ‘Horizon 2020’, the new IDA strategy for the period to 2020, Sinn Féin Spokesperson on Enterprise, Trade and Employment Arthur Morgan said the Government’s target of creating 105,000 jobs by 2014 is clearly nowhere near adequate.

Deputy Morgan urged the Government to look to indigenous enterprise and export led growth rather Foreign Direct Investment for national recovery and economic development.

Deputy Morgan said:

“Today the Tánaiste launched the IDA strategic blueprint for attracting Foreign Direct Investment (FDI) into Ireland and said that FDI will be ‘a catalyst for our national prosperity’. While we acknowledge that the IDA has an important role to play in attracting industry here, FDI is not a catalyst for national recovery and economic development, and it hasn’t been for some time.

“A report last week has shown that job creation by foreign multinationals in Ireland slipped 42% in 2009. In the same year 18,028 jobs were lost in IDA supported companies.

“There is a huge onus on the Government to realise that it is indigenous enterprise that will secure economic development. We need to start thinking of export-led growth in terms of our own indigenous enterprise.

“The IDA and the Tánaiste have set a target to create 105,000 jobs by 2014. First of all, there are 436,936 people on the Live Register and this figure is almost certain to increase tomorrow when February’s figures are released. 105,000 jobs is clearly nowhere near adequate.

“Coupled with the existing numbers, by 2014 thousands of graduates will be coming out of college and will have to compete for these jobs too. The Government need to develop a strategy on indigenous enterprise as a matter of priority which will close this gap between unemployment and the jobs target announced today.

“These 105,000 jobs should not come at the cost of cutting wages. Ireland is not competitive. Cutting wages will not make us competitive. If attracting FDI is to come at the expense of ordinary workers, then the Government need to evaluate their priorities and put indigenous enterprise at the heart of their enterprise policy.” ENDS

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