Fri 04 Apr 2007Pay deal 'opt out' proposed for exportersMinister for Enterprise Micheál Martin has raised the
prospect of giving exporters who face severe pressure on their
business due to currency fluctuations opt-out clauses from parts of
future social partnership pay deals, writes
Arthur Beesley, Senior Business Correspondent, in
Druid's GlenWith the euro trading near record highs against the dollar this
week, the Minister said future partnership deals should have
"in-built flexibility" to protect exporters and traditional
manufacturers who are vulnerable to movements on the international
currency markets.