Redundancies rise by 142%

A total of 49,009 people have been made redundant so far this year, an increase of 142% on the same period in 2008, according to new figures released today by the Department of Enterprise, Trade & Employment.

An additional 6,350 people were made redundant under the statutory redundancy scheme in July, compared to 6,806 in June and more than 8,000 in May.