Single restaurant closure can cost State more than €1m, suggests RAI report

Restaurants Association of Ireland chief executive Adrian Cummins said the restaurant sector had been hit exceptionally hard by cost increases over the past couple of years. Photograph: Gareth Chaney/Collins Photos

In its report, The Economic Impact of Restaurant Closures, compiled by Jim Power, the RAI says employment in the sector overall grew by more than 80 per cent between the first quarter of 2012 and the end of last year but its chief executive, Adrian Cummins, contests some of the figures cited by union officials in recent weeks regarding more recent growth, pointing to the number of hotels taken out of general use over the past couple of years among other factors.

It is beyond dispute, he says, that the sector has been hit exceptionally hard by cost increases over the past couple of years with food, energy and wage costs all increasing just as many members of the public were struggling themselves due to the increased cost of living. Mr Cummins suggests that given those figures, some form of mitigation by Government is essential if many more businesses are not to be lost.

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