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

More on this topic

Honda taskforce holds first meeting after UK plant closure announcement

Call of Duty publisher Activision Blizzard to lay off hundreds of staff

Santander to close 140 branches, putting over 1,200 jobs at risk

Over 60,000 enter the labour market in in the last year

More in this Section

Panti Bliss postpones opening of new Dublin bar amid fire safety concerns

Breaking up the tech giants will not boost competition, says GoFundMe boss

Johnson & Johnson Irish profits and revenues rise

Trump talks up China deal and EU motor sector tariffs


Lifestyle

Seven blissful places to go on a mother-daughter date this weekend

Appliance of Science: Why do we age?

Why anis don’t put all eggs in one basket

The song thrush gets in tune for the upcoming dawn chorus

More From The Irish Examiner