Retail Excellence Ireland Pred...

The Last Word With Matt Cooper

Retail Excellence Ireland Predicts Around 100,000 Job Losses

Sarah Stacey
Sarah Stacey

6:40 PM - 15 May 2020

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Retail Excellence Ireland is predicting that only 70% of retail staff could return to work, resulting in 100,000 job losses in the sector.

The group expects that there will be an initial period of pent-up demand when shops reopen, followed by a subdued phase which will see consumer spending fall by up to 40% as has happened in other countries.

Ian Guider, markets editor of the Business Post, brought us this story and more in our daily business update, including:

  • Ryanair and Bank of Ireland announce 350 job cuts between them
  • Trade talks between the UK and EU hang in the balance

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