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:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)