Nevadatele.com cut 60 jobs

Telecom company, Nevadatele.com has announced that 60, jobs, a third of its total workforce are to go from its Dublin and Belfast operations.

The job cuts are part of the company's bid to begin a restructuring initiative.

Nevadatele.com provides telecommunications and internet services to businesses.

The company was set up in 1999 in a joint venture bid between Viridian and Energis and began operating in the Republic in 2002.

According to the company, the job cuts have become necessary, following the company's failure to secure new sources of funding.