Job losses due to restructuring, not relocation: study

FOUR out of every five jobs lost over the past 18 months have been due to company restructuring and not to relocating to countries with cheaper labour costs, according to the EU agency for working and living.

But most countries, and Ireland in particular, are not spending enough on retraining workers to ensure they are re-employed quickly.

The findings released in Brussels yesterday call into question the proposed multi-billion euro globalisation fund proposed at a summit of EU leaders in London last month.