Jack Golden – Group HR Director. Biography Jack held senior roles in a range of international companies such as Braun in Ireland and Germany, Semperit in Dublin and Continental Tyres in France. He is currently Group HR Director of CRH Plc.,
Domestic Growth: Overdependence on Construction and Retail
Downturn: Property bubble / Fiscal imbalance / International Financial crisis
Recovery: banking / public finances / competitivenessMacro – Economic Factors
(GDP % Change)
Youth unemployment 31% (14% total) programme
300,000 people have emigrated in last four years (43% under 25)
Structural imbalance – skills shortages
Need for new Vocational Education / Apprenticeship system
High labour costs discouraging recruitment
Cost of Social Welfare paymentsHigh unemployment
The Croke Park Agreement is an agreement between the Irish Government and public sector unions.
The 2010 budget imposed pay cuts of 5% to 10% on public sector workers.
The agreement was signed against a background of layoffs and pay cuts in the private sector, the government agreed not to impose compulsory public sector layoffs or further public sector pay cuts until 2014.
In return the public sector unions agreed to call no industrial action, and to cooperate on wide scale reforms of the public sector aimed at increasing efficiency, flexibility and redeployment and at reducing cost and headcount.
Headcount has been reduced by 28,000 and the annual pay bill has been reduced by €3.1bn. Over 7,000 public servants have been redeployed.
Croke Park II rejected. Planned savings of €300million in 2013 reduced to €150 million in revised proposals. Objective of saving €1billion over 3 years maintained.Croke Park Agreement
Ireland’s Future Government and public sector unions.