IRELAND: Act now to save drinks jobs - trade body
Thousands more jobs will be lost in Ireland's food and drink sector unless the Government acts swiftly to give more aid to businesses, trade body Food and Drink Industry Ireland has warned.
Paul Kelly, director of the body, said today (23 June): "Over 2,000 jobs have been lost already this year and many thousands more are at risk."
Speaking at the launch of a report on Ireland's food and drink sector, Kelly said that industry growth has been "severely damaged" by rising business costs and the depreciation of sterling against the euro.
"Put simply, the cost base for the sector is way out of line with competitor economies," he said. "This is having a huge impact on our export potential and, ultimately, on the investment decisions of Irish food and drink companies."
Ireland became the first EU member state to enter a technical recession last year.
Recent months have seen companies such as Britvic, Diageo, C&C Group and Coca-Cola Hellenic Bottling Co announce job cuts. Diageo said last week that it would cut 107 jobs, mainly at its St James's Gate Guinness brewery in Dublin.
Ireland imports EUR5bn (US$7bn) of food and drink products but exports around EUR8bn, according to Food and Drink Industry Ireland.
It called on the Government to reduce business costs to in-line with the EU average and seek EU clearance to offer grants to the worst hit companies. It also called for an export credit scheme, guaranteed by the state.
Food and Drink Industry Ireland is part of the Irish Business and Employers Confederation (IBEC).
Destocking and economic turmoil aside, 2009 must surely be the year when Japan's latent drinks giants seized their chance to make themselves heard on the international scene....
With the end of the year looming, just-drinks is running a series of 'Top Tens of the Year' in the run-up to Christmas. Today, it's the Top Ten Most Read Comment Pieces of 2009....
What 2009 lacked in explosive headlines in the brewing category, it more than made up for in tactical manoeuvres for the future. Olly Wehring considers a year that was always going to struggle, in eve...
Sales of fine wine at auction house Christie's during 2009 were broadly level with 2008, as Asia helped to maintain demand during the global economic downturn....
The top ten stories published on just-drinks this week:...
Diageo president for North America, Ivan Menezes, has said that consumer demand for spirits was lower than expected in November and the firm has cut its expectations for December....
The chief executive of Diageo has refused to rule out moving the drinks firm's headquarters away from the UK....
SABMiller is to further expand its African beer operations by building a malting plant in Uganda....
- Cuba-US Normalisation: Bacardi, Pernod Winners?
- Comment - The Appeal and Perils of Craft
- Review of the Year 2014 - Part IV: Spirits
- Sustainability in Wine - Part I
- Time is Right for Refresco Gerber Exit
- Belvédère to sell assets, streamline portfolio
- Belvedere vodka tie-up over new James Bond film
- Diageo ups focus on China with Mortlach roll-out
- Diageo rolls out Beckham's Haig Club to US
- Brown-Forman eyeing Scotch, Irish whisk(e)y entry?
- Global vodka insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- The IWSR Forecast Report - 2014-2019 Global Review
- Global Tequila Market 2014-2018
- just-drinks on-trend: Craft beer - fortunes and future