Iarnrod Eireann

Type
Internal restructuring
Country
Ireland
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49.1 - Passenger rail transport, interurban
450 jobs
Number of planned job losses
Job loss
Announcement Date
2 June 2012
Employment effect (start)
9 July 2012
Foreseen end date
9 July 2016

Description

Ireland's state rail company, Iarnrod Eireann (Irish Rail) has announced up to 450 redundancies over the next four years. The redundancies, which the company says are part of a cost containment programme aimed at reducing a deficit of €45.3m, constitute nearly 11% of the organizations' labour force. The implementation will take place starting on 9 July 2012.

Staff also face cuts in sick leave entitlements, subsistence allowances, and overtime under the restructuring plan.

Since 2002, staff numbers have fallen by a third to 4,100. Iarnrod Eireann has opened a voluntary redundancy scheme aimed at achieving the 450 redundancies required over the next four years.

Sources

  • 2 June 2012: RTE news

Citation

Eurofound (2012), Iarnrod Eireann, Internal restructuring in Ireland, factsheet number 73772, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73772.