50 jobs are expected to be lost at the GE Money company based at Shannon as a result of a company restructuring, while another 80 will be lost at Finnish company Tecnotree.
GE Money said another 15 jobs will also go at its base in Dublin.
The company is involved in the the sale of financial products including insurance, mortgages, car and personal loans, financial brokerage and equipment finance leasing.
178 people are employed by the firm in the Shannon Free Zone, and staff have been told that a number of jobs will be affected by a decision to restructure its business.
This will result in the discontinuation of a number of products handled by GE Capital Solutions, and the transfer of other products and operations to GE Money Ireland.
A 30 day consultation process has begun with staff who are affected by the changes, and they say they hope to redeploy as many people as possible where vacancies exist.
The company says it needs to restructure its Irish business in response to the economic environment, which has remained challenging and where the outlook is unclear. It added that is committed to keeping a significant operation in Shannon.
GE Money says the restructuring announcement will have no impact on existing mortgages, personal loans, care finance agreements and insurance policies held in Ireland.
Tecnotree announces 80 layoffs
There was further bad news on the employment front in Shannon with the announcement by Finnish company Tecnotree, formerly Tecnoman, that it is seeking 80 redundancies from its staff of 141.
In a statement to the Finnish stock exchange, it says it is seeking a reduction in its Irish workforce due to the current economic conditions and a reduction in demand for its products and services.
The company is involved in telecommunications and is one of the the global leaders in the supply of business and operations support systems for telecom operators.
A spokesman for the company in Shannon said that while the redundancies sought were significant, it did not mean the company was closing down. He said the firm planned to stay in Shannon, albeit with a reduced workforce.
