SFA: 'Labour costs a threat to jobs'

IRISH labour costs, at 134% of the EU average, are threatening thousands of jobs and businesses according to a new survey.

Small Firms Association (SFA) director Pat Delaney has warned there was no room for complacency following publication of the fourth Annual National Business Survey.

He said it is foolish to underestimate the potential impact of problems such as energy prices and inefficient public service delivery. The tightening labour market, skill shortage and higher than average wage increases are all causes for concern.