Eircom warns it may accelerate jobs cut programme

EIRCOM has warned that it will have to make further cost reductions to cope with competitive and economic pressures, following a tough quarter which saw a further deterioration in profits and revenue.

The company also said that it will be looking to accelerate its previously stated March 2011 head count reduction target.

Last year, management said it was aiming to reduce group staff levels by 1,200 people by March 2011. It has already shed 894 of those jobs.