Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Mobile phone company Three Ireland is to cut 150 jobs as it begins a collective redundancy process.
The company said it had previously introduced a range of measures in a bid to reduce operating costs, but the redundancy process is now necessary due to continuing lower profits and rising costs. The collective consultation process began in January of 2024.
The company is Ireland’s largest mobile provider, with 45.5% of market share. Three Ireland currently employs 1,300 workers based in its head office in Dublin as well as a centre in Limerick. At the latter, it had expanded its workforce in 2022 Three Ireland-2022-IE.
Eurofound (2024), Three Ireland, Internal restructuring in Ireland, factsheet number 200829, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200829.