Employers group Ibec is seeking the introduction by the Government of a 'competitiveness charter' to put a limit on annual increases in labour market costs facing the experience economy.
Employers group Ibec is seeking the introduction by the Government of a"competitiveness charter" to put a limit on annual increases in labour market costs facing the experience economy.
Spending on goods and services in the sector each year is worth €4 billion, with over €1 billion going to Irish based food and drink suppliers. But Ibec says the sector faces a range of challenges, including ongoing labour shortages, additional labour market taxes, entitlements and regulations, as well as digitalisation and sustainability.
"The report has confirmed the significant cost increases that Experience Economy businesses are expected to face over the next two years and acknowledges the serious concerns regarding job retention and business viability."
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