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 operator, O2, is embarking on a process to potentially outsource its technology function, which could affect 450 staff. The company is in the early stages of the process, but it is expected that a preferred bidder will be selected by early autumn. Originally part of Esat Telecom, O2 Ireland was acquired by Spanish firm Telefonica in 2006. A spokesman issued the following statement, "Following a strategic review of the business, O2 Ireland has decided to explore the possibility of outsourcing its technology function and will soon issue a request for proposal to a number of potential suppliers". "It is important to point out that, should O2 go ahead with outsourcing, all roles concerned would transfer to the selected partner in line with TUPE legislation (Transfer of Undertakings, Protection of Employment Regulations). It is understood that Ericsson, Nokia, Accenture, IBM and Fujitsu are the shortlisted suppliers.
Sources
31 May 2007: The Irish Times
31 May 2007: The Irish Independent
Citation
Eurofound (2007), O2, Outsourcing in Ireland, factsheet number 65433, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65433.
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