It's well past time that FÁS was wound up. FÁS sums up so much that is wrong with government intervention in the economy. Well-intentioned short term solutions become permanent fixtures; the mission keeps expanding - as does the budget; objectives become long-term, vague expressions of hope; corruption takes root because nobody is really holding the organization accountable; etc.
I know some people might argue that the current economic climate is exactly when we need FÁS - I doubt it - but if that's true, then fine. Close FÁS and start a new organization, one with a limited life-span, tight controls and small budget.