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05/07/2010
Eircom Jobs In The Balance
An Irish phone giant may be poised to hang-up on as many as 2,000 jobs.
According to trade union leaders, Eircom has been attempting to reduce its workforce by 1,200 over recent months through a voluntary severance package.
However, union sources today said a further round of job cuts of 1,500-2,000 is expected shortly.
They are to meet tomorrow to consider reports that telecoms giant Eircom is to seek up to 2,000 redundancies.
The firm has been struggling to compete in the recession and incurred an operating loss of almost €500 million in the year to June 2009.
During that time Eircom lost 67,000 fixed-line contracts, although its mobile unit Meteor delivered increased revenues and profit.
Senior managers are believed to have hired a consultancy firm to assist in its review of operations.
The national executive of the Communications Workers Union is due to meet tomorrow to consider its ongoing discussions with Eircom.
It says it will not make any further comment until it has consulted its members.
The company is understood to have received about 900 applications for voluntary redundancies in recent months as part of a plan to reduce numbers by 1,200.
(BMcC/GK)
According to trade union leaders, Eircom has been attempting to reduce its workforce by 1,200 over recent months through a voluntary severance package.
However, union sources today said a further round of job cuts of 1,500-2,000 is expected shortly.
They are to meet tomorrow to consider reports that telecoms giant Eircom is to seek up to 2,000 redundancies.
The firm has been struggling to compete in the recession and incurred an operating loss of almost €500 million in the year to June 2009.
During that time Eircom lost 67,000 fixed-line contracts, although its mobile unit Meteor delivered increased revenues and profit.
Senior managers are believed to have hired a consultancy firm to assist in its review of operations.
The national executive of the Communications Workers Union is due to meet tomorrow to consider its ongoing discussions with Eircom.
It says it will not make any further comment until it has consulted its members.
The company is understood to have received about 900 applications for voluntary redundancies in recent months as part of a plan to reduce numbers by 1,200.
(BMcC/GK)
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