Half of Irish companies downsizing or struggling for survival, survey finds

NEARLY half of the companies in Ireland are either downsizing or struggling for survival, according to InterTrade Ireland.

Well-publicised issues including weak consumer sentiment and rising business costs are the main areas of concern for businesses, according to InterTrade’s latest research.

But its survey of 1,000 business managers also shows that one in six companies currently see themselves being in growth or expansion mode.