The humble worker built this economy to the dizzying heights of the 4th richest country in the world, they did not really see what was coming, An inflated property bubble, property prices dropped by about 35% from their peaks in 2006,  some economic pundits believe that prices could be as much as 50% down. Unions pushed for bench marking, we all know the fundamentals were not correct, they said life was expensive and people had ... Read More

Are we seeing another sign of Irelands stumbling economy? SR Technics Ireladn which was formely called Team Aer Lingus is feeling the straing of the current economic downturn. CEO Brent Kessler met with Tanaiste Mary Coughlan in relation to the companies ongoing financial difficulties. It has been losing some key contracts including three contracts for maintanance for its previous owner Aer Lingus. It also lost a major contract for Gulf Air, which was one of its largest contractgs. There is a meeting on Thursday morning with Union ... Read More

  Classic Furniture has gone into receivership, leading to 8 job losses with the closure of 2 of its stores in Navan and Sligo, this is due to the sharp downturn in demand for furniture products. Other stores are being looked at throughout Ireland such as the Kylemore road, Coolock, Kilkenny, Blanchardstown and Carrickmines branches. Kieran Wallace of KPMG is overseeing the receivership for Classic furniture. Merill Lynch is letting 31 people go, this is in accordance with its aim of reducing its costs ... Read More