Thousands of jobs in the food industry at risk

Today, a body representing food and drink companies says 2,000 jobs have been lost in the industry so far this year and 'many thousands more' are at risk. Food and Drink Industry Ireland (FDII), part of employers' group IBEC, said firms' competitive position had been damaged by high business costs and the sharp fall in the value of sterling.

It called for Government action to reduce business costs, particularly energy. The body also urged the Government to seek EU approval to set aside its rules on state aid in order to provide grant aid to firms hit by the fall in sterling. FDII also wants an export credit scheme with a state-backed guarantee.