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Cliff Taylor

👤 Speaker
271 total appearances

Appearances Over Time

Podcast Appearances

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

And headcount is where they're looking.

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

And while over the last few years, while profits were booming and everything was going the right direction, they might have hired a bit loosely, if you like, and built up various roles.

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

They're now looking in particular, for example, at support roles to see where money can be saved.

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

And yeah, that is a...

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

that is an issue.

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

It is something that is very evident if you look at the Irish job figures.

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

So overall, they've been strong.

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

But there is that area of the tech sector where employment has eased off.

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

It's been a big growth contributor over the last few years.

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

And I suppose we'd hope that that's going to continue to be the case and this is kind of a readjustment.

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

But it is difficult and I guess from the point of view of the businesses themselves too, it's, you know, tricky enough in PR terms, you know, you're

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

you're highly profitable and you're laying off people so that you can be even more profitable.

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

It's not exactly an easy message to sell, but that's the way of the world with the multinationals.

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

Yeah, who knows?

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

I suppose the first thing to say is it's kind of evidence of the strength of the economy heading into this year before...

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

all the trouble hit.

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

So I think looking back at the start of the year, the Department of Finance and most other forecasters saying, look, things were a bit stronger than we anticipated.

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

Tax revenues are a bit higher.

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

That said, the extent of the increase in the forecast surplus for this year is really striking.

Inside Business with Ciaran Hancock
Inflation remains steady; and Conor Pope’s energy saving tips

So the original forecast, as you said, was just over 5 billion.