The CEO of the Restaurants Association of Ireland, Adrian Cummins announced that the Restaurant sector will create a further 5,000 new jobs in the next year, boosting the numbers already employed in this vital tourism sector from 63,000 to closer to 70,000. The press release announcing this welcome boost to job creation and employment in the restaurant sector, makes interesting reading. http://www.rai.ie/news-10-000-jobs-created-in-last-18-months-and-5-000-more-on-the-way–restaurant-sector-asks-government-to-%E2%80%98keep-vat-at-9-per-cent-169.html
I listened with interest to the Pat Kenny Show on RTE Radio 1 this morning where several restaurateurs gave their opinion on the success or otherwise of the restaurant sector which contributed over €2.5 Billion for the Irish Economy in 2012. The Restaurant sector is heavily dependent on the special reduced VAT rate of 9% that was introduced in the 2011 budget as part of an initiative by government to boost employment in the tourism sector. It appears to have worked as over 10,000 new job contracts were issued by restaurants in the past 18 months, largely as a result of the additional spend generated by the lower vat rate, 16% lower than other service industries.
One wonders if a lower VAT rate would work similar miracles for other sectors of the service industry. No doubt it would but our government is unlikely to grasp this obvious success story and replicate it across the country as it is so counter-intuitive. It is a pity, and indeed it is more likely that they will repeal this brave measure that has boosted trade in the difficult restaurant sector. Icanwork4u endorses the view of the RAI and urges Minister for Tourism, Leo Varadker to maintain this special rate for several more years.
Either way, ICanWork4U.com is also playing its role in providing a free to use service for restaurants to recruit staff and for restaurant workers to find work. Check out http://www.icanwork4u.com and click on the restaurant sector tab to post your job offer or your skill set. It’s a great way to find staff for your restaurant, hotel or catering company.