Lack of credit hits 85% of bosses

A MASSIVE 85% of Irish chief executives surveyed believe finance is less easily available now compared to a year ago, while a third expect to cut jobs this year.

On the positive side, however, a third of Irish chief executives expect employment growth this year, while the majority of multinational corporation chiefs are confident about their groups’ investment in Ireland. The retention of the 12.5% corporate tax rate and cost competitiveness were identified as critical.

Almost three-quarters of multinational corporation chiefs said that they will either increase (33%) or maintain (39%) their investment in Ireland, according to PricewaterhouseCooper’s 2011 Irish CEO pulse survey.