Page 10 - Irish Examiner USA

businessexaminer
10

2019 CSO Report That Over 22,000 New Taoiseach ‘Grateful’ To Those
Businesses Created In Ireland In 2017
25th, new businesses opened Who Work On Christmas Day
More than 22,000
December in Ireland in 2017.

number
The

since 2012, according to
| increased by over 47%
the Central Statistics
EXAMINER Office. more
Meanwhile,
than 14,000 businesses ceased trading in 2016.
SMEs accounted for 99.8% of total number of enterprises
IRISH in 2017 and generated 50.2% of total turnover in the business

economy and almost 39% of Gross Value Added was attrib-
uted to these enterprises.
Large enterprises of 250 employees or more employed
almost 32% of all persons employed in 2017 and accounted
for 0.2% of total number of enterprises.
Micro enterprises with less than 10 employees accounted
for 92.1% of all enterprises in 2017 and small and medium
enterprises of 10 to 49 employees and 50 to 2549 employees
accounted for 7.7% of the total number of enterprises.
Large enterprises accounted for the remaining 0.2%.
Gross Value Added per person engaged averaged he Taoiseach Leo didn’t exist a year ago.” around supports in homeless
€137,382 for all enterprises in the Irish non-financial business Varadkar will be The Fine Gael leader said family hubs.
economy in 2017, while Irish-owned enterprises averaged Tremembering those he had a target of building Earlier this year he said.
€66,054. who are working this 25,000 homes next year. “Rents are too high but we
Small enterprises reported GVA per person in 2017 of Christmas Day. The Taoiseach added: “I’ll are increasing supports,
€56,981, while Medium enterprises reported GVA per per- Mr Varadkar said he was be doing something on which is showing results.”
son of €77,224. grateful to all who were toil- Christmas Day but I’m not Mr Murphy survived a
GVA per person for Large Irish-owned enterprises was ing during the festive holiday. ready to talk about that.” vote of no confidence in the
just over €95,400 but rose to €295,665 when foreign-owned He said they would do He said Christmas was a Dáil earlier this year, staving
Large enterprises were included. their best to ensure anyone day of work for many. off an early General Election.
More than 325,000 people were employed by foreign who needed shelter received “A lot of people need to Fianna Fáil abstained in the
multinationals in 2017, with the companies generating a it, in reference to the home- work Christmas Day for lots vote as part of the confidence
combined turnover of €386 billion euro. lessness challenges. of reasons. I am grateful that and supply agreement but has
Wages and salaries accounted for 89.7% of personnel He said in the last year they do.” renewed its attack on the
costs for the total business economy in 2017. 20,000 new homes and apart- Housing Minister Eoghan Government’s record on
Personnel costs are defined as the total remuneration, in ments had been built. Murphy has said the tackling homelessness.
Recently the tally of home-
“So there will be 20,000
cash or in kind, payable by an employer to an employee. families around the table on Government had introduced less people increased to more
rental reforms and is increas-
Personnel costs include taxes and employees’ social secu- Christmas Day in a home that ing and expanding wrap-
rity contributions, as well as the employer’s compulsory and than 10,000. C
voluntary social contributions. Boeing Sacks CEO As 737 Max Crisis Deepens
Construction accounted for the largest number of active
enterprises with 57,255 enterprises active in 2017. The boss of aircraft giant Boeing has
The smallest sectors were Mining & Quarrying and quit a week after confirming production
Electricity, Gas, etc which accounted for just 1,088 enterpris- on its 737 Max planes will be suspended.
Dennis Muilenburg’s position has
es combined. been under immense pressure since the
Retail trade accounted for the largest number of persons planes were grounded following two
employed with over 225,000 in 2017, followed by manufac- fatal crashes.
turing which had just under 220,000 persons employed. C The company said the decision to sack
the chief executive “was necessary to
GAA And Huawei Agree Deal To restore confidence in the company mov-
Make Croke Part A ‘Smart Stadium’ ing forward as it works to repair relationships with regulators, customers, and all other stakehold-
The GAA and Huawei have struck a deal to make Croke ers”.
Park one of the most technologically advanced stadiums in Chairman David Calhoun steps up as chief executive and president from January 13, with finance
Europe. chief Greg Smith serving as interim boss while “Mr Calhoun exits his non-Boeing commitments”, it
Huawei will “enhance the experience of fans and patrons” added.
at the stadium, which at a capacity of 82,300 is the third Speculation that Mr Muilenburg was expected to be fired intensified in October after the board
largest stadium in Europe. took away his chairmanship title.
The Chinese tech company uses real time data, artificial Last week manufacturing was suspended by Boeing on the 737 Max, the first time in 20 years that
intelligence and virtual reality, but it’s not yet clear what the company has taken such a measure.
fans can expect. The planes have been grounded for a year by authorities over two crashes that claimed 346 lives.
Earlier this year, Huawei announced they would invest Boeing added: “Under the company’s new leadership, Boeing will operate with a renewed com-
€70m in research and development in Ireland over the next mitment to full transparency, including effective and proactive communication with the FAA, other
three years. global regulators and its customers.”
The company says the work will be supported by over Mr Calhoun said: “I strongly believe in the future of Boeing and the 737 Max.
100 researchers and engineers across its offices in Cork, “I am honored to lead this great company and the 150,000 dedicated employees who are work-
Athlone, and Dublin. C ing hard to create the future of aviation.” C