Up to 425 jobs at risk as two firms grapple with loss of business

THERE are fears that up to 425 more people are about to be added to the dole queue after two firms announced job cut plans.

In separate announcements, Dublin-based firms Poker Kings and Allied Logistics, a subsidiary of Allied Foods, said they may have to let hundreds of workers go because of pressing financial issues.

The most worrying situation is at Poker Kings, based in Cherrywood, which could make 250 staff redundant after an online poker firm for which it provided marketing and IT services withdrew from the US market after an FBI probe.

In a statement, the Irish company said it provided marketing and technology services to Full Tilt Poker, one of three sites closed by the FBI in April.

Eleven people, including the founders of the US companies, were charged with bank fraud and money laundering at that time.

Poker Kings said essential changes were needed within the organisation, where costs need to be cut by €12 million.

“It estimates that if all of the required cost savings were to be achieved through redundancies, approximately 250 positions could be affected,” a spokesperson said.

“The exact number cannot be confirmed until the conclusion of a consultation process with its workforce.”

Poker Kings, which employs 700 people, will begin a 30-day consultation period with employees at the earliest opportunity.

Meanwhile, SIPTU members at Allied Logistics, based in Tallaght, have been told management want to cut the workforce from 250 to 75 after it lost a contract for the distribution of chilled and frozen products for Dunnes Stores.

“As the union which represents workers on this site, SIPTU are seeking an urgent meeting with the company to discuss all alternatives to the proposed redundancies,” said the union’s organiser, John White.

Meanwhile, Minister for Jobs, Enterprise and Innovation Richard Bruton is due in Ballincollig, Co Cork, to make “a significant announcement” at the VM Ware site at 10.30am today.

More in this section

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up