21,000 lose jobs in industrial sector

More than 21,000 people working in the industrial sector lost their jobs in the 12 months to June of this year, according to …

More than 21,000 people working in the industrial sector lost their jobs in the 12 months to June of this year, according to the official data.

The figures, released today from the Central Statistics Office (CSO), reveals the numbers employed in the sector fell from 232,600 to 211,300 during the 12 month period.

The decrease was primarily among the production, craft and manual workers, which saw a fall of 17,700, while clerical, sales and service employees dropped by 2,900.

The data also shows hourly earnings including irregular bonuses rose 4.2 per cent from €20.35 to €21.20 per hour in the second quarter of this year.

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Hourly earnings including irregular bonuses in the financial sector fell by 11.9 per cent, from €32.96 to €29.03 per hour during the same period.

The drop was due mainly to a fall of 69 per cent in irregular earnings which fell from €5.90 per hour in second quarter of 2008 to €1.83 in 2009.

Average hourly earnings including irregular bonuses and payments for managers, professionals and associated professionals in the industrial sector rose by 0.4 per cent over the year from €30.88 to €31.01.

Earnings increased by 1.8 per cent, from €20.41 to €20.78 per hour, over the same period for clerical, sales and service employees. They rose 3.7 per cent from €16.53 to €17.14 per hour for the production, transport, craft and other manual workers.

The CSO figures also showed the average weekly paid hours in industry decreased by 1.3 hours a week, or 3.4 per cent, from 38.5 hours to 37.2 hours from the second quarter of 2008 to the same period of 2009. In the financial sector hours fell slightly from 34 hours to 33.5 hours over the period.

Eoin Burke-Kennedy

Eoin Burke-Kennedy

Eoin Burke-Kennedy is Economics Correspondent of The Irish Times