Big news today…
Telecoms company Eir is to cut 750 jobs as part of cost-cutting measure following a recent takeover.
The move comes days after a majority stake in the company was acquired by two French firms controlled by telecoms billionaire Xavier Niel.
All of the redundancies will be entirely voluntary according to Eir.
The former state-run company currently employees around 3,220 people.
In a statement issued to JOE, the company said:
“Eir has proposed a voluntary incentivised exit scheme seeking to reduce its employee headcount by 750. This has been launched in an effort to deliver costs savings and create a leaner, more agile organisation. In parallel, the company plans to simplify its products and business processes.
“Eligible staff have already or will shortly receive correspondence with a personalised financial estimate for their consideration. The terms of the scheme are aligned with previous similar schemes. A large percentage of the company’s field force is not eligible. The Minister and union representatives are being informed.
“Today’s announcement does not in any way impact on the Company’s ability to deliver on its recent contractual commitments in respect of our commercial rural rollout of Fibre to the Home (FTTH) to 300,000 homes and businesses.”
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