FOREIGN investment will be lost by this country if there is a second 'No' vote to the Lisbon Treaty referendum, a leading employer warned yesterday.
The Irish chiefs of three major multi-national companies gave their backing to a 'Yes' vote saying it will enhance Ireland's attractiveness as a place to invest.
Microsoft Ireland managing director Paul Relis said Ireland was successful in the past in bringing in investment from abroad and creating jobs.
He said a 'Yes' vote would send a positive signal to foreign investors that Ireland is committed to being a "key player in the world's most successful economic union".
He said there would be consequences for jobs in another 'No' vote: "I'm convinced we would lose investment to other countries in the European Union if this referendum was to lose."
LEO Pharma Ireland managing director Geraldine Murphy said when companies were trying to secure investment, they had to fight for every euro and other countries were "hungry for business".
Survive
"For us to survive, we need to get investment to create and to protect jobs," she said. "We just don't need to create any uncertainty around Ireland's participation in Europe."
Pfizer vice president Dr Paul Duffy dismissed the notion the minimum wage would be reduced by passing Lisbon. "I can't see any of our French colleagues taking a minimum wage of €1.87, or our German colleagues for that matter," he said.
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