Transcript Jack Golden – Group HR Director

Jack Golden – Group HR Director
Biography
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Jack held senior roles in a range of international companies such as Braun in Ireland and Germany,
Semperit in Dublin and Continental Tyres in France. He is currently Group HR Director of CRH Plc.,
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He is a former President of the German-Irish Chamber of Industry and Commerce and is currently
Chairman of its Kuratorium. He has also served terms as President of Engineers Ireland and the Irish
Academy of Engineering. He currently serves on the Board of the Eisenhower Fellowships and is
Chairman of the International Committee of the British-Irish Chamber of Commerce and President of
the European Chamber of Commerce in Ireland.
Company
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CRH plc was formed in 1970 with the merger of two major Irish companies, Cement Limited and
Roadstone Limited, both significant suppliers of building materials to the construction industry in
Ireland. Since the merger the Group has become a leading international building materials group with
approximately 76,000 employees at over 3,500 locations in 35 countries worldwide.
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CRH manufactures and distributes products from the fundamentals of heavy materials and elements
to construct the frame, through value-added exterior products that complete the building envelope, to
distribution channels which service construction fit-out and renewal.
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CRH’s strategic vision is to be a responsible leader in building materials delivering superior
performance and growth.
Macro – Economic Factors
(GDP % Change)
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Celtic Tiger: Strong export performance / Infrastructure programme
Domestic Growth: Overdependence on Construction and Retail
Downturn: Property bubble / Fiscal imbalance / International Financial crisis
Recovery: banking / public finances / competitiveness
High unemployment
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Youth unemployment 31% (14% total)
300,000 people have emigrated in last four years (43% under 25)
Structural imbalance – skills shortages
Need for new Vocational Education / Apprenticeship system
High labour costs discouraging recruitment
Cost of Social Welfare payments
Government Initiatives to stabilise Economy
Cost Reduction:
• Pay cuts 5-10%
• Pension curtailment
• Headcount reduction
• Re-deployment
• Working hours
• Retirement age
• Social Welfare
• Capital spending
Tax Increases:
• Income Tax
• Property Tax
• Social Welfare
• VAT
• Excise Duty
• Pension Levy
Other Initiatives:
• NAMA
• Business
Development
incentives
• Skills shortage
incentives
• Employment
incentives
• Internships
• Sale of State assets
• Increased regulation
Croke Park Agreement
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The Croke Park Agreement is an agreement between the Irish Government and
public sector unions.
The 2010 budget imposed pay cuts of 5% to 10% on public sector workers.
The agreement was signed against a background of layoffs and pay cuts in the
private sector, the government agreed not to impose compulsory public sector
layoffs or further public sector pay cuts until 2014.
In return the public sector unions agreed to call no industrial action, and to
cooperate on wide scale reforms of the public sector aimed at increasing
efficiency, flexibility and redeployment and at reducing cost and headcount.
Headcount has been reduced by 28,000 and the annual pay bill has been
reduced by €3.1bn. Over 7,000 public servants have been redeployed.
Croke Park II rejected. Planned savings of €300million in 2013 reduced to €150
million in revised proposals. Objective of saving €1billion over 3 years maintained.
Ireland’s Future
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Continued strong performance of Export orientated FDI sector
• Dependent on global recovery
• Slow recovery of indigenous sector
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Construction and Retail critical sectors
Long term training initiatives needed
• Fiscal programme to bring deficit to < 3% of GDP by 2015
• General Government debt stabilised at 120% GDP
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Challenges ahead
Close relationship with EU Partners
• Favourable demographics
• Well – educated workforce
• Attractive location for investment
Contact details
CRH plc
Belgard Castle
Belgard Road
Clondalkin
Dublin 22
Phone: +353 404 1041
Email: [email protected]
Mobile: +353 87 674 0005