Union recommends Eircom rescue plan

EIRCOM employees have been advised by the Communications Workers’ Union (CWU) to accept a controversial company plan aimed at saving €92 million over a three-year period.

The CWU national executive, which represents the majority of Eircom’s 7,000 workers, said yesterday that it was reluctantly recommending the proposed Rescue Plan to its members.

The plan is necessitated due to the company’s more than €3 billion debt and envisages pay cuts and redundancies.