Irish Job News – News on Jobs for Ireland
Irish Job News - News on Jobs for Ireland
7 March 2007 | Ireland | 2 Responses
Cork based Bourns Electronics (www.bourns.com) has announced today that they are letting 80 people go from their Mahon plant. They cite the rising costs of manufacturing in Ireland as the main reason for their pull-out. Their operations will move to Mexico and Hungary where there are significantly lower operating costs.
This bad news comes straight after Procter & Gamble announcing today that they are laying off 280 people in Nenagh. Not a good day for Irish industry at all 🙁
7 March 2007 | Ireland | 5 Responses
The following comes from www.citizensinformation.ie, and outlines what are the necessary steps that one is entitled to and obliged to follow when one looses their job in Ireland or when you are given notice.
Entitlements when giving your notice
You may be entitled to notice if you are being let go from your job in Ireland. This means that you are given notice that you job will end, and a date in the near future when this will come into effect. The length of notice you are entitled to, will depend in the first place on your contract of employment. In addition, there is a minimum entitlement laid down by law. Your contract may give you a greater entitlement to notice than the statutory minimum, but it cannot give you less. The laws in Ireland that give employees a right to notice, are called the Minimum Notice and Terms of Employment Acts, 1973 to 2001.
Minimum period of notice in Ireland
The amount of notice you are entitled to by law will depend on how long you have been working for your employer.
|Duration of employment
|13 weeks to 2 years
|2 years to 5 years
|5 years to 10 years
|10 years to 15 years
|15 years or more
While the notice entitlements under your contract of employment can exceed the minimim periods above, any provision for notice in your contract for less then the above is invalid. This essentially means that while your contract of employment can set down that you will receive a greater amount of notice than the law states above, if your contract states that you will get less than the law provides, then this part of your contract has no effect. The law however does not preclude your employer or you waiving your rights to the legally specified notice period. The law also does not preclude you accepting payment in lieu of notice, if you wish. You may be required to work the notice period or you may accept payment in lieu of notice, if offered. Payment in lieu of notice means that you will not have to work for the period between receiving notice and the ending of your employment, but you will get the same amount of wages that you would have received, had you worked.
During your period of notice you should receive your normal pay. This also applies if you are paid in lieu of notice. Also any remaining holiday pay / overtime / expenses claims, should be in your final pay cheque.
7 March 2007 | Ireland | 6 Responses
Back in January we were reported that we were worried about Procter & Gamble, and today comes the news that they are set to announce the future of their European operations today. It is feared that the 600 jobs in their Nenagh plant in Co. Tipperary could be under treat. The cosmetics company has been a major employer in the town for the last 25 years. The company has confirmed that they will announce their cost cutting plans for its Nenagh plant today (Wednesday). Procter & Gamble employs over 135,000 people worldwide in 80 countries and it a world leader for personal care products manufacturing for such companies as Max Factor , Hugo Boss and Oil of Olay.
UPDATE : Procter & Gamble have just annouced that they will move their skincare product manufacturing to Eastern Europe, with the loss of 280 jobs :(. It is planned that these jobs will be phased out by the close of 2009, when they will more some of their production capacity to Poland. The cosmetic production part of P&G will remain.
6 March 2007 | Ireland | Comments Off on AXA add 150 jobs in Derry
Axa Insurance (www.axa.ie) has announced that they have plans to add 150 jobs to their Northern Ireland operations in the city of Derry. The recruitment drive is planned to start immediately fewor this £15m investment, and their aim is to have all the new positions filled by August 2008. The office will be open from May 2007, and anyone interested in applying for a position should contact the company on 028 9000-8230, e-mail it or visit www.nijobs.com. Applications can also be found at their offices at The Diamond in Derry city.
5 March 2007 | Ireland | 2 Responses
Here is some information taken from www.citizensinformation.ie , hopefully it will help to guide you through the mine field of the topic of Irish Taxation.
Tax Rates and the Standard rate cut-off point
Tax is charged as a percentage of your income. The percentage that you pay depends on the amount of your income. The first part of your income, up to a certain amount, is taxed at 20%. This is known as the standard rate of tax and the amount that it applies to is known as the standard rate tax band. The remainder of your income is taxed at the higher rate of tax, 41%.
Tax Rates and Bands in Ireland
|Married couple One income
|Married couple Two incomes
|One parent family
Irish Tax allowances
Tax allowances reduce the amount of tax that you have to pay. The amount by which a tax allowance will reduce your tax depends on what your highest rate of tax is. This is because the allowance is subtracted from your income before it is taxed. In effect, it is ‘taken off the top’ of your income which can then be taxed at either the standard rate or the higher rate, depending on your income level.
If, for example, you have a tax allowance of 200 euro and your highest rate of tax is 20%, then this means that the amount of your income that is taxed at this rate is reduced by 200 euro and so your tax is reduced by 40 euro (200 euro x 20%). If you have the same tax allowance of 200 euro but the highest rate of tax that you pay is 42%, then the amount of your income that is taxed at 41% is reduced by 200 euro and so your tax reduction is 82 euro (200 euro x 41%).This is known as tax allowance at the marginal rate.
Irish Tax Credits
Tax credits reduce the amount of tax that you have to pay. They work differently to tax allowances because they are deducted after your tax has been calculated and so a tax credit has the same value to all taxpayers.After your tax is calculated, as a percentage of your income, the tax credit is deducted from this to reduce the amount of tax that you have to pay. So a tax credit of 200 euro, for example, will reduce your tax by that amount.
Calculating your Irish Tax
Before calculating your income tax, subtract the following from your income:
- Pension contributions
- Payments to a Permanent Health Benefit Scheme (to a maximum of 10% of income). This is a policy that will ensure continued income in the event of an accident, injury or sickness.
- Tax allowances
- Work expenses that were necessary to carry out your work duties.
Your taxable pay is then taxed at 20% of income below the standard rate cut-off point. The amount in excess of the cut-off point is taxed at 41%. This gives your Gross Tax for Ireland.The value of your tax credits is then subtracted from this to give the amount of tax that you have to pay.
1 March 2007 | Ireland | Comments Off on 2,807 Jobs lost in January 2007
2,807 is the number of Irish job losses reported to the Redundancy Unit at the Department of Enterprise, Trade and Employment (www.entemp.ie) in January 2007, this is compared to 2,314 in January 2006.
There are proposed headcount cuts and employment level reviews at Pfizer, Motorola, Alcatel-Lucent, FCI, Vodafone, Burlington Hotel, Cognotee, DELL Ireland, Donnellys Bakery, Elba, FCI, Xerox, Thomson Scientific and Zomax allied with threats to the continued employment of BUPA Ireland in Fermoy.
IIB’s (www.aib.ie/ibusinessbanking) chief economist Austin Hughes said today “This month’s survey revealed that 59% of Irish consumers expect unemployment to rise in the coming year, up sharply from 41% in January. This is the most pessimistic reading since February 2004,” he added.
How safe are you really feeling in your job today ? Sure there is always the threat of being laid off, but do you really think it will happen to you this year ? Hopefully the change here will be enough to buy a round of farewell drinks if it does happen. 😉
27 February 2007 | Ireland | 3 Responses
Ryanair (www.ryanair.com) has announced that they are to receive 10 new airplanes in the coming months. Michael O’Leary’s company predicts with these new planes (and their planned 50 new routes) that they will be creating 5,000 new jobs across Europe.
Head of communications Peter Sherrard said: “Ryanair’s $700m (€530.1m) investment will create 5,000 jobs across Europe as we expand our existing bases at Barcelona Girona, East Midlands, London Stansted and launch our second German base in Bremen”.
Not bad, not bad at all ! We here at eirjobs.com are big fans of Ryanair. Their presence in the Cork/Dublin route alone makes our lives that little bit easier. It’s great to see an Irish company leading the way in Europe. Ryanair does have many objectors, manly from customers who expect a lot more than what they paid for. Michael O’Leary’s is a shrewd businessman and has learned to cut costs and to change the industry as we know it. The guy also knows his way around the PR mind field too.
19 February 2007 | Ireland | 1 Response
Supermacs (www.supermacs.ie) has announced that they are going north and opening new stores in Northern Ireland for the first time. Supermacs which is based in Galway, says that they wish to expand their 2,500 staff and move into the Northern Ireland market. They are aiming to create a total of 200 jobs at first with their new branches.
So soon they will be brining the taste of their nice burgers to the whole island. EDITOR: If only I could have a burger right now ! 😀
19 February 2007 | Ireland | Comments Off on VMware to bring at least 300 new jobs to Cork
Finally some good jobs news 😀
The international software firm VMWare (www.vmware.com) promise to bring over 300 new jobs to their offices in Ballincollig in Cork. These jobs will be created with the help of an IDA grant. VMWare is a subsidiary of EMC who employ a over 1,500 further people between their own Cork and Dublin branches. VMware are mostly known for their Virtualisation software. They are looking to expand their numbers internationally, which stands at around the 3,000 mark. The company was founded in 1998 and last year had over USD$700 million in recorded revenues. This booming company is planning to float 10% of the company in the summer.
This news of new jobs in the Cork area comes as a relief after the losses at Pfizer / Motorola (planned but not confirmed) / FCI in Cork in the recent weeks. It is estimated that over 1,000 jobs are under threat in the area alone.
13 February 2007 | Ireland | Comments Off on Government seeks a Consultant. Interested ?
via our friends at the IrishExaminer.ie
The government is looking for a consultant to work on stopping the decline of the pharmachem pullouts in Ireland. The pharmaceutical industry is worth over €1 billion to the Irish economy and currently employs more than 17,000 people. The advertisement by Forfás (www.forfas.ie) — the national policy advisory board for enterprise, trade, science, technology and innovation — said the consultant would be required to:
- Outline what the emerging trends in the pharmachem industry are.
- Carry out in-depth interviews with the heads of the Irish pharmaceutical operations to “understand and map out” how valuable the Irish operations are to their international headquarters.
- Identify the barriers (internal and external) that prevent Irish pharmachem operations from achieving their full potential.
- Propose potential options on how the external barriers could be overcome to “stimulate” process development activity in Irish operations.
So anyone want to tell Forfás that Ireland is too expensive for companies and the current low rate of corporation tax isn’t cutting it any more ? Companies see that they can get “more bang for their buck” by simply relocating to Poland or other emerging and new EU countries. These countries still allow the gateway for selling into Europe without the high import duties. If you have some ideas you should send Forfás your CV ASAP.
12 February 2007 | Ireland | Comments Off on Pat Rabbitte offers 2% less
Last Saturday at the Labour Party (www.labour.ie) annual conference, Pat Rabbitte promised to cut the standard rate of tax from 20% to 18% within two years (if elected of course). Defending his proposed 2% cut in the standard tax rate from criticism by the Taoiseach and the Tánaiste, today Mr Rabbitte said he was trying to ensure tax justice for ordinary workers.
So, it’s a big enough if, if the labour party gets to power, but is it possible to bring down the rates ? As mentioned on politics.ie with the current rate of inflation set to hit 5% this month, the benefit of this decrease probably won’t have an effect in 2 years anyway !
8 February 2007 | Ireland | 2 Responses
First it was FCI in Fermoy and then it was Motorola in Mahon that were announcing they were reducing operations, now we have Pfizer (www.pfizer.ie) announcing lay-offs. Today they have stated that 65 staff are being left go from their main plant in Ringaskiddy, Co. Cork. And there are plans to sell of their plant in Loughbeg and part of its operation in Little Island. This threatens a further 480 jobs.
The closures follow a fall in the company’s global profits resulting from the failure of its latest drug in clinical tests.
Times seem to be hard for businesses in Ireland. So the totals of announced job losses in the last 3 weeks is 1,400 of these 900 of them are from the Cork region alone. Many are no longer lured by the attractive offers from the IDA or the low corporation tax, and they see that operations in emerging European markets like Poland and Hungry or even further afield are the way to go.
7 February 2007 | Ireland | Comments Off on BUPA Ireland bought by Quinn Group
The Quinn Group (www.quinn-group.com), headed by Teemore Business man Sean Quinn, has purchased Bupa Ireland Ltd. (www.bupa.ie) The takeover will secure the jobs of over 300 employees in Fermoy, Co. Cork. In their press releases they cite that all jobs will remain and there won’t be a policy price increase in 2007.
From their press release : Quinn Group Chairman, Sean Quinn, said that the move was significant for the group. “We believe our agreement with BUPA presents an opportunity for real competition in the Irish Health Insurance Market. In all of our businesses, we operate in an open and competitive environment and we trust that the report of the review group established by the Minister for Health, Mary Harney TD, and other initiatives, will lead to a more open and competitive landscape in this market.”
“Our announcement of a price freeze in 2007 demonstrates our commitment to delivering value to health consumers in the Irish market over the longer term. BUPA Ireland are a fine organisation who’ve brought innovation and choice to Irish consumers and we look forward to working with the team in Fermoy to grow the business.”
In December ourselves and other people in Ireland  worried about the future, so now we can rest easy with the fact that there will be competition in the Irish Private Health Insurance Market. Finally we have some good news to bring to our readers !
6 February 2007 | Ireland | 1 Response
Michael DELL has come back with a bang, just a few short days after returning as CEO of DELL (www.dell.ie) he has told workers that cutbacks are on their way. Michael Dell set-up the company with just $1,000 in 1984 and his return is set to bring some major changes.
On Friday last a company email was sent declaring that bonuses for 2006 have been cancelled (great eh ?) and that the numbers of managers will be reduced throughout 2007. DELL is desperately trying to regain the number 1 position in the PC market after being nudged out by Hewlett Packard last year.
So now we are wondering what this means for DELL in Limerick, Bray & Dublin ? Will these cut backs effect their Irish operations ? Is 2007 going to continue with announcements of more Irish redundancies ??? Fingers crossed that we are wrong on this one.
5 February 2007 | Ireland | Comments Off on End of Free Ride for Studs
The new Finance Bill (Feb. 1st 2007, see www.finance.gov.ie) has announced that Irish Stud farmers are going to have to start to pay tax on their earnings. The new tax, at 12.5%, is expected to be a lucrative money spinner for the government. Last year it’s estimated that stallion fees were in the region of €28m alone.
A new taxation scheme that begins Aug. 1, 2008, will allow stallion owners to write off either the cost or the value, whichever is relevant, of their horses over the first four years at stud. Earnings after this point will be taxed, at 12.5% if the horse is owned by a company, or at the personal rate if owned by an individual or individuals. Where horses are in corporate ownership, dividends or other payments from these companies will be subject to income tax.
So, it’s “Goodbye” to the free ride that the horse industry has enjoyed for over 30 years !