In response to the latest redundancy figures issued today, the Irish Small and Medium Enterprises Association, warned the Government not to use the reduction in redundancies as their "get out of jail card".
ISME said that, while numbers have reduced, there are still 210 people losing their jobs every day.
The figures confirmed that there have been 55,910 redundancies this year to date.
Up to 42% of the redundancies were in construction and manufacturing.
However, 45% of job losses were in the services sector and females now account for 37% of redundancies, confirming that job losses continue to be spread throughout the whole economy.