According to this article, there will be a change in the rules for immigrants. I'm not sure what it means by "breathing space" though.
[...] increase the three-month 'breathing space' for any worker who has held an employment permit for less than five years to six months
On top of that, anyone who has been working and living in Ireland for five years will not have to renew their work permit.
(Source: Irish Independent)
More info from The Irish Times. "Breathing space" means more time to look for another job if one is made redundant. So if someone is laid off and has been working less than five years but have a work permit, then the time extended to find a job is six months now.
(Source: Irish Times. irishtimes.com)