News : Three Ireland Announces Job Cuts
Sept 3, 2014 -- A phone and telecoms operators has announced 160 job cuts on the back of its acquisition of a major rival.
Three Ireland is seeking the redundancies after taking over O2 Ireland in a deal which it had previously warned would lead to a duplication of roles in some areas of the business.
About 85 jobs will go in head office and another 75 in the retail division.
Despite the redundancies, Three Ireland said 90 customer care staff will be taken on over the next 12 months taking its total workforce in the Limerick call centre to 440.
Robert Finnegan, Three Ireland chief executive, said the job losses were about redirecting resources.
"We had signalled that integrating two businesses would inevitably result in some duplication of roles, and whereas we can't side-step that challenge, we can and will ensure that departing staff are treated fairly and generously," he said.
Three also pointed to its planned investment in a high speed network which will employ 100 workers through third party contractors over the next three years.
The company said it was offering a generous redundancy package of six weeks ex-gratia payment plus two weeks statutory pay per year of service.
Three Ireland bought O2 Ireland in a deal approved by the European Commission in May and legally completed in July.
Posted by Veronica Silva Cusi, news correspondent
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3 is a brand name under which several UMTS-based mobile phone networks and Broadband Internet Providers are operated in Austria, Denmark, Hong Kong, Macau, Indonesia, Ireland, Italy, Sweden, and the United Kingdom. The company was founded in 2002.
O2 plc has 100% ownership of mobile network operators in three countries - the UK, Germany and Ireland - as well as a mobile Internet portal business. All of these businesses are branded as ''O2''.
Published: Friday, September 5, 2014
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