Economy
- Haulbowline Island which faces Cobh town is the headquarters of the Irish Naval Service, formerly a British naval base.
- Cobh was home to Ireland's only steelworks, the former state-owned Irish Steel works which was closed by its buyer, Ispat International, in 2001. There is a controversy over the slag heap on the steelworks, where there are concerns that it may be leaching into the harbour.
- Tourism is a large employer in Cobh. Large cruise liners visit Cobh each year, mainly during the summer months, although many of the tourists are transported out of Cobh by bus to other tourist destinations.
- Another important employer in Cobh had been the Dutch-owned Verolme Cork Dockyard, in Rushbrooke. It opened in 1960 and ceased operations in the mid-1980s. In 1981 the mvLeinster was built at Verolme for service on the Dublin – Holyhead route. The last ship built at Verolme was the Irish Naval Service's LÉ Eithne (P31). Some ship repair work is still carried at Rushbrooke using the impressive drydock and other facilities. The drydock pumps are reputed to date from 1912. Due to large-scale development in Cobh many new facilities have been built and many people from Midleton, Glanmire, and surrounding areas commute to Cobh each day for work and shopping purposes.
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Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)