Connick encouraged by drop in redundancy claims

Fianna Fáil TD for Wexford and Minister of State, Sean Connick has said that the drop of 23% in redundancy claims is encouraging.

“Redundancy claims in the first 11 months of the year show a drop of 16,970 on the numbers filed for the same period last year, a drop of 23%.”

“This is very encouraging news and is an indication that the economy is stabilising.”

“The challenge of unemployment is still substantial but the Government will continue to work to create the conditions for employment and provide practical support to job seekers and employers.”

“The Government is taking further action for job creation within the National Recovery Plan. We are maintaining our low Corporation Tax; reviewing the framework of REA and ERO; extending the 15-day prompt payment rule to the wider public sector and lowering the minimum wage to remove a barrier to employment in sectors such as tourism and retail. We are also extending the successful PRSI Employers Exemption Scheme to the end of 2011 and addressing the costs of office rents.”

“Practical supports for employers are necessary if we are to create new jobs and I am encouraged by this drop in redundancy figures,” concluded Minister Connick.