IBEC: Worrying jump in redundancies

The Irish Business and Employers Confederation (IBEC) have expressed concern at figures releaded today, showing an increase in redundancies for the first quarter of this year.

Actual redundancies increased by 36% in the first quarter of 2006 according to data released by the Department of Enterprise, Trade and Employment. Almost 6000 workers were made redundant in the period while over 1,600 people lost their jobs in the month of March alone.