450 job losses a week in 2004

The county was one of the worst affected nationally with regard to job losses in 2004, according to the small firms association. Last year the Irish economy lost 450 jobs every week. The banking sector alone shed over 2,500 jobs. The Kerry and Cork region suffered 3032 redundancies in 2004.This makes up 13% of the national total and comes in second, only to the greater Dublin area which experienced almost 12,000 redundancies. The Small Firms Association say the loss of over 23 thousand jobs in 2004 lends no room for complacency. The SFA also says wage rates are outstripping productivity growth and average wage increases last year of 8% remain way above the level of other euro zone economies.

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