Could this be the start of the recovery in Ireland?
Irish Job Boards and Recruiters are starting to witness some positive job activity. Read more at CVs & Interviews Blog.
As many as 2/3 of organisations surveyed recently admitted that they will not survive next year unless there is a drastic change in the current economic conditions.
A recent survey by ISME indicated that many were pessimistic and that they did not see evidence of an upturn in the economy. Instead they faced into reduced orders and difficult accessing credit.
There were 600 companies surveyed and it is no surprise that the construction sector was the most pessimistic. Retail, distribution, manufacturing and services were not far behind though.
This news has a major impact on jobs in the sector with over 40% of those surveyed expecting to let staff go.
Certainly there was no evidence of “green shoots” from this ISME survey.
Measurability for expert career coaching and outplacement services in Ireland.
Irish Recruitment Social Networking site – Jobs Market, enables job seekers to publish their profile, and CV to all the Irish Employers. There is also a blogging facility to enable job seekers to market themselves, publish their achievements and attract employers. Employers can connect with the candidates they are interested in, and interact directly. The whole site is 100% free to use for both job seekers and employers.
Vodafone Ireland announced last week that it was to cut 10 percent of its workforce. The mobile telecoms operator is looking to cut 150 jobs through redundancy from its 1,500 employees. This company hopes to achieve the redundancy figures through a voluntary redundancy programme. Vodafone are now entering a month long consultation period so there are very few details about which functions will suffer from the redundancies. The mobile company has 2.23 million subscribers to the network in Ireland.
Careers and Jobs keeping you up to date on all the latest Irish jobs news. For those affected by job loss you can find some useful information to support sourcing new employment in Ireland. Alternatively visit sister site – CVs and Interviews.
I am regularly asked what would be a safe bet for Careers & Jobs during a recession. Personally I believe you should find what you want to do and you will be successful no matter what the economic conditions are. But if I was pushed for a job or career I would probably say hairdresser or undertaker. You see people die and hair grows no matter what the economic climate. To expand on other careers I have summarised finding from another site below. The below post outlines a number of other possible careers or jobs during a recession.
Healthcare – People will always get sick and will need care and support.
Energy & Utilities – Consumers may try to cut back but can never stop using energy or utilities.
Education – School stops for nothing.
International Focused Business – Globally when one country is facing into tough times another is on the upward cycle.
Police – If anything we need more of them in Ireland
Funerals & Undertakers – As outline above.
Accounting – When we hit hard time we look for ways to cut costs and accountants can help.
Public Sector – Normally more secure than the private sector although there are changes on the
horizon in Ireland.
Pharmaceuticals – Recessions do not impact the demand for drugs.
Military – perhaps wars and disorder are more of a possibility during tough times
Hairdressers – As stated above out hair will keep growing during a recession
Debt Collection – Perhaps not the most loved career but certainly in demand.
Trades – Plumbers – We will all need heating and water and if you are like me you will definitely need a professional when they pack in.
Interim Management or Consulting – Organisations are often attracted to short-term solutions during tough times.
Legal Profession – some specialist areas of law will thrive during a recession.
Food – We all need to eat even during tough economic conditions.
Health & Beauty – I would question this as I know this sector can be classified as luxury and would normally be one of the first things to go during a recession.
Luxury Items – We are talking about the mega rich here. Item related to their radar probably won’t take too much of a dent during a recession.
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As many as 250 new jobs will be created in Athlone following news that US Medical Technology company ABIOMED will set up operations in the town. ABIOMED is a high-tech manufacturer of cardiac technology and they specialise in “fixing broken hearts”.
This Irish facility will manufacture a new range of cardiac products for the US market. The jobs created will be high skilled jobs which is great news for the region.
Athlone and Westmeath has had mixed job news in recent times. There have been some new job creations but as much job loss. ABIOMED will actually locate its premises in a plant that was used by Conor Medsystems which closed at a cost of 170 jobs last year.
This is great news for Ireland during what can be described as quite depressing times as far as jobs and the economy are concerned. Ireland has secured a high class company amid stiff competition from other countries.
There was bad news for the job market and the motor trade with news that 38 jobs will go at Maxwell Motors. Maxwell Motors specialises in luxury car sales and have decided not to renew their BMW franchise. The decision was based on a rethink of a business model but my guess is that when things get tight “luxury” is the first thing to go. I guess people are settling for a car that gets them from a to b and will sacrifice luxury until the economic dust settles. This news follows news that another luxury car dealership has gone out of business – Orwell Motors. This is further indication that we are tightening the belts.
It looks like there is more bad news for the Insurance Sector with the announcement that Axa will shed 120 jobs at its Dublin offices. This news follows a previous announcement by Hibernian that they will shed 580 jobs moving them to Bangalore in India. We brought you rumours of this Hibernian announcement a few months back.
Axa plans to shed the 120 jobs through voluntary redundancy and there may be plenty of takers as they also plan to restructure pay scales. Basically those left in the company may have to take a pay reduction. This scenario is not uncommon in this climate as a leading Estate Agent in Ireland reported the same move recently to fight of the possibility of redundancies.
Axa has seen its turnover drop drastically over the last number of years so this latest news does not surprise many commentators. Having said this for those affected the news is always hard to take.
It also looks like Northern Ireland is not safe from the current economic conditions. Toughglass in Co Down has announced 60 compulsory redundancies.
If you have been affected by redundancy – a career coach, interview coach or CV service could help you navigate these difficult times.
Shannon and Dublin based Avocent International Ltd has announced that it will be cutting its Irish workforce by 64 as a result of restructuring. The IT company currently employs 167 staff in Ireland so staff numbers will drop to 103. The company specialises in IT infrastructure management and employs 1800 staff globally with clients including Boeing, Intel & Microsoft. Although 200 jobs will be lost globally Shannon will be the hardest hit.
These jobs will be lost to singapore with costs being cited as the main driver for the move. This latest news is another hammer blow to the region.
Affected by redundancy and need support? Visit these links for career coaching, interview coaching and cv writing service.
Looks like we have more to talk about than the bad weather today. A friend of mine has been predicting a recession for the last 10 years. And guess what the newspapers announce it is finally here. Tell us what we didn’t know!! Official reports of a recession have been agreed by most experts but what they cannot agree on is when it will pass. Anything from 2-10 years by the sounds of things.
This news was amplified with the announcement that Hibernian Insurance will let 580 jobs go in Ireland. Irelands loss is India’s gain. The bulk of these jobs will be support and back office. It now looks like the slow down is affecting other sectors outside of manufacturing and construction.
So does the slow down in the economy offer opportunities or threats to you? I guess it is what you choose. I think I will go for the opportunities. If you feel this news offers a threat then take some action – make yourself recession proof. This could mean retraining, getting a new job, moving sector. If you need help from a career coach, an interview coach or a CV professional then get that help. If you have alternative option then start taking action.
