Following a tense series of discussions running for several months, workers at the Glen Dimplex factory in Dunleer, Co Louth have decided in favour of a voluntary redundancy package. The company is reportedly endeavouring to establish approximately 60 voluntary redundancies across its two sites in Dunleer, out of its total workforce of more than 100 employees. This development is part of a broader reorganisation of Glen Dimplex’s operations all over Ireland.
Meanwhile, Lane7 has committed to operating a luxury bowling alley previously set aside for PressUp Group under the ownership of Paddy McKillen Jr and Matt Ryan, located in Dundrum Town Centre. This marks only one of many additions to the range of tenants in the shopping centre, reports Ronald Quinlan.
According to Joanne Hunt in Money Matters, having a pet can bring immense joy, but it comes with its own set of expenses, particularly when it comes to keeping a dog.
John McManus, in his column, raises questions about the potential hazards of the shadow banking sector to the financial system at large and discusses why, in terms of regulation, Ireland is leading the way for an industry worth trillions.
The Dublin office market, which experienced a downturn alongside the shift to remote work amid the pandemic, may potentially be recovering, suggests BNP Paribas Real Estate, as reported by Ian Curran.
The Law Society has raised concerns about the collapse of the robust power of attorney process, a legal provision that provides individuals with reassurance for the time when they may become unable to make personal decisions. The professional association for Ireland’s solicitors blamed the digital system’s “poor design” for its inaccessibility to a notable population, as it urged Anne Rabbitte, Minister of State for Health and Children, Equality, Disability, Integration, and Youth departments, to step in. Dominic Coyle provides coverage on the enduring power of attorney intricacies.
The International Monetary Fund (IMF) has cautioned that persistently high inflation in the services sector might lead to sustained high interest rates. In its most recent evaluation of the world economy, the IMF noted that the global disinflation trend appears to be losing steam, indicating potential challenges on the horizon. Eoin Burke-Kennedy brings the report.
Dublin’s Mainstream Renewable Power CEO has stated that they are confident to see a deluge of deals on projects in their portfolio within the sphere of wind and solar power development. This is in pursuit of recycling capital, as disclosed by Joe Brennan.
Central Statistics Office’s fresh predictions estimate a considerable escalation in the Republic’s population, possibly reaching beyond 7 million by 2057, as reported by Eoin Burke-Kennedy.
Revenue for Google Payment Ireland, asserted as a branch of the tech giant’s payment segment, experienced a dip in 2023. The fresh accounts reveal a slip from €30.6 million to a lesser €23.1 million, as interpreted by Barry J Whyte.
Local residents of Howth, Dublin have raised multiple objections against Glenveagh Homes’ proposed apartment project there. Gordon Deegan mentions protests logged by Howth/Sutton Community Council, Hillwatch and other locals against Glenveagh’s €60 million plan to raise a 135-unit apartment complex next to Howth Demesne, Deer Park in the northern parts of Co Dublin.
Additionally, Gordon reports that An Bord Pleanála has approved Hibernia Reit’s proposal to dismantle the ancient Scruffy Murphy’s pub off Mount Street Lower in Dublin and erect 15 apartments based on a six-level scheme.
Surprisingly, only 15 per cent of companies concur that their firm is completely in sync with General Data Protection Regulation (GDPR) norms, almost six years post its introduction. Ciara O’Brien highlights that companies are apprehensive of impending rules that may affect their business, predominantly in areas like AI, online safety and digital services.
In terms of Commercial Real Estate, Ronald Quinlan provides input on a private equity company’s whopping €600 million proposal for the Blanchardstown Centre. He also gives details on the prospective tenants for the retail section of Google’s upcoming venture in Dublin’s docklands.