Bruton pledges 100,000 jobs in just four years
THE Government today finally unveiled its radical plan to create 100,000 jobs over the next four years.
Some 15 Government departments and 36 State agencies are involved in the long-awaited initiative, announced today by Enterprise Minister Richard Bruton.
The Government's Action Plan for Jobs 2012 focuses on four key areas, which include providing support to Irish-grown firms and encouraging a wave of foreign direct investment and international start-ups.
There will also be a concentration on improving our competitiveness as well as targeting a number of key sectors with major potential for job creation.
The 130-page document will set out a range of 200 measures to be implemented by every Government department to help drive job creation.
It is expected to be widely welcomed by those representing job seekers -- 439,600 people are now on the dole. Areas such as cloud computing and life sciences are just two of the sectors targeted for job growth.
Mr Bruton will set up a monitoring committee to oversee the implementation of the plan over the next four years.
The committee, which will be chaired by the Department of An Taoiseach, will be responsible for ensuring that all departments deliver on their targets.
Quarterly reports will be sent to the Cabinet sub-committee on Economic Recovery and Jobs. The initiative has already been approved by the Cabinet, with staff from State agency FORFAS being drafted in to provide expertise.
"A major part of the Action Plan for Jobs 2012 will be to target particular sectors of the economy where there is potential for high levels of economic growth and job creation," a Government spokesperson said.
One of the sectors identified is life sciences. The industry already employs 50,000 people here and is projected to grow by 9pc globally by next year.
Nine out of the top 10 global pharmaceutical corporations are already established here, as are 17 out of the top 25 global medical devices corporations.
The plan also includes a €5m initiative to create jobs in cloud computing.