CWU criticises Eircom takeover bid

A union representing staff at Eircom has come out against a major takeover bid from Babcock and Brown.

A group of executives from the Australian company have made a €95m bid for Eircom and would also assume almost €4bn worth of its debt.

If the bid goes ahead, it will be the sixth time the company's ownership has changed hands in recent years.

The Communications Workers Union said Eircom is being used as a football and a new takeover proposal could destabilise its finances.

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