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.
Telecomunications company Eir (formerly eircom) has announced it is seeking 750 voluntary redundancies from its workforce.
The announcement of the decision to reduce its workforce by the largest amount in one redundancy round to date comes shortly after the majority sale of Eir to French grouop NJJ Telecoms.
Eir is to offer its staff redundacy terms of five weeks' pay per year of service (inclusive of statutory entitlements). The company says that further staff reduction had been on the cards for some time (270 people left Eir during a redundancy round in 2017) and that the industry is getting more competitive, so it plans to simplify its products and business processes also
The redundancy offer is available to all Eir staff bar some of its field-based staff, who are needed for the rollout of the company's broadband network.
Eurofound (2018), Eir, Internal restructuring in Ireland, factsheet number 93774, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93774.