Electric.ie March April 2021

20 ELECTRIC.IE • The Magazine & Website for the Irish Electrical Industry • Industry News Cassidy Electrical Supply Company Limited (CESCO) joins EMDA E MDA are delighted to announce that CESCO has joined as a member. The company was founded in 1980 by Frank Cassidy and his sons, Edmund and Maurice. Edmund’s son, Brian, representing a third generation of the Cassidy family, recently took on the position of managing director and is driving the business forward now and into the future. Originally based on the site of the "Vicar Street" events venue. The company relocated in 1996 to a new modern 23,000 sq. ft. premises in Dublin Industrial Estate. This move helped CESCO to develop as a leading distributor of electrical materials in the Irish electrical industry. The company has spent the last 40 years developing a very strong portfolio of brands and products. CESCO are aware of how important quality is in this modern time. While all products conform to CE certification and relevant standards, quality is always the priority. Brian tells us “CESCO has developed a reputation within the industry for customer service. We pride ourselves on the way we look after our customers. Our objective is to meet their needs and satisfy their specification at best price. We always welcome customers with friendly and helpful attention and Pat Tully, President of EMDA presenting Brian Cassidy, Managing Director of CESCO with an EMDA Membership Certificate. Tel: 01 830 9689 E-Mail: info@cesco.ie www.cesco.ie Significant impact the pandemic has had on people’s livelihoods in Q4 jobs numbers A lthough the official unemployment rate rose to 6.0 per cent in the fourth quarter of 2020 from a low of 4.7 per cent in the fourth quarter of 2019, there are still many people that have lost employment as a result of the pandemic who do not meet the International Labour Organisation ർ The official seasonally adjusted unemployment rate stood at 6.0 per cent in the fourth quarter last year, up from 4.7 per cent for the same period in 2019 definition of unemployed. This is evident in the difference between the LFS unemployment rate and the CSO’s COVID-adjusted rate, which counts all recipients of the PUP as unemployed and stood at 19.4 per cent in December before rising again to 25 per cent by the end of January 2021. While 2.3 million people were officially employed in the fourth quarter according to the LFS, when adjusted for the PUP recipients the figure would have stood at 1.97 million (some 390,000 lower) at the end of December and 1.83 million in January 2021. ensure all queries are followed up quickly and efficiently”.