Economics
Beating the recession
Tuesday, 23 June 2009Manufacturing, once the backbone of the economy, has taken a big hit in the current recession, and small and medium-sized enterprises often bear the brunt of the downturn.
Last year 19,000 jobs were lost in manufacturing. From January to May this year, more than 7,700 manufacturing jobs were lost - up 139% on the same period last year.
But despite the harshness of this recession, some manufacturers are struggling through. This week, our correspondent Robert Shortt takes a look at four small Irish companies which through hard work and innovation are surviving.
Longford-based Tool and Plastic expects turnover to increase by 10% this year.
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