Eir announces the loss of 750 jobs

Eir has announced the loss of 750 jobs after a majority stake takeover by two French firms connected to a telecoms billionaire.

The acquisition by Xavier Niel's companies is part of cost-cutting initiatives by Eir which has been underway for several months.

Staff were contacted this morning about the plans, with Eir saying that all redundancies will be entirely voluntary.

They will then have 30 days to consider whether to accept or decline the offer.

It has been reported that the cuts will not impact Eir's plan with the government to provide high-speed broadband to premises around the country.

It was first announced in December that Mr Niel's firms, NJJ and Iliad, would be buying 65% of Eir in a deal worth €650m.

Fears had been mounting in recent weeks that large job losses may be looming.

Eir currently employs more than 3,200 staff.

- Digital Desk


Related Articles

Almost 100 jobs at risk as Coast stores enter liquidation

Pub jobs ‘threatened by Vat hike’

GSK to close Sligo site with loss of 165 jobs

E.ON plans to cut hundreds of UK jobs

More in this Section

Ex-Lib Dem leader Nick Clegg lands top role with Facebook

Spain’s government proposes taxes on internet giants

Google’s Staying Ahead reveals appetite of SMEs for online sales

Ryanair signs agreement with Portuguese pilots' union


Breaking Stories

As Karlie Kloss marries Joshua Kushner, here are 8 of her biggest fashion moments

This clever new app can help new parents decide if their baby needs to see a doctor

‘Acne won’t stop me living my life’ – Millie Mackintosh on how she got her skin under control

'Jesus, did I paint them?’; Robert Ballagh reacts to the nude portraits to him and his wife

More From The Irish Examiner