IDA maintains warnings over massive job losses

IDA IRELAND has been warning about massive job losses in the technology sector for the last three years, spokesperson Colm Donlon said yesterday.

The State agency said it has been urging businesses to prepare for the changes needed to survive the aftermath of the ‘Celtic Tiger’ boom years and increase the value of their products or face closure.

Mr Donlon said that prior to the economic boom, €100,000 would be enough to buy you an ordinary three-bed semi-detached home. Now you would not be able to get the same house for less than €250,000.