Type
Internal restructuring
Country
Ireland
Region
Location of affected unit(s)
Ireland
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

1,200 jobs
Number of planned job losses
Job loss
Announcement Date
12 May 2009
Employment effect (start)
Foreseen end date
12 May 2009

Description

Former state-owned Telecommunications company Eircom has concluded a restructuring deal with trade unions which will result in 1,200 redundancies over a two year period. The deal with unions also incorporates a moratorium on salaries for two years from June 2009 and reductions of some employee benefits such as allowances for food and travel by one quarter. The company says the deal is the first phase of a restructuring plan, and that discussions on possible further measures are to commence straightaway.


Sources

Citation

Eurofound (2009), Eircom, Internal restructuring in Ireland, factsheet number 68902, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68902.