Jobs must be of high value

WHILE job-cuts in the Logica-CMG group were not entirely unexpected, the announcement will send shock-waves through the telecom sector where, as yet, there is no end of the worldwide crisis in sight.

Nor is there any likelihood of the situation improving over the next few years according to the IDA.

With the global market already reeling from the blood letting which saw major companies wiped out, Ireland is now suffering the knock-on effects with hundreds of job losses Yesterday’s loss of 315 jobs in Dublin and Cork follows a merger between two software companies leading to 1,400 redundancies in Europe out of a worldwide workforce of 24,000.