Concern at possible Eircom, AIB, BoI job cuts

Updated: 21:37, Monday, 5 July 2010

The Minister for Enterprise, Trade & Innovation has said reports of up to 4,000 job losses at Eircom, AIB and Bank of Ireland were very concerning.

1 of 1 Eircom Reports of further job cuts
Eircom
Reports of further job cuts
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One News: Sharon Tobin reports that Minister Batt O'Keeffe has said the Government is concerned about reports of up to 4,000 jobs losses at the companies
One News: Sharon Tobin reports that Minister Batt O'Keeffe has said the Government is concerned about reports of up to 4,000 jobs losses at the companies
Play Stop
Morning Ireland: Paul Donovan, Chief Executive of Eircom, says that Eircom intends to reduce its numbers by 1,200 but the company will have to lower costs further
Morning Ireland: Paul Donovan, Chief Executive of Eircom, says that Eircom intends to reduce its numbers by 1,200 but the company will have to lower costs further

The Minister for Enterprise, Trade and Innovation Batt O'Keeffe has said reports of up to 4,000 job losses at Eircom, AIB and Bank of Ireland were very concerning.

However, Minister O'Keeffe said Eircom had already indicated that it was re-structuring, but said his department has not been aware of job cuts at the banks concerned.

He was speaking at the announcement of 425 jobs at Stream Global Services, in Swords, in Co Dublin.

Meanwhile, Eircom Chief Executive Paul Donovan has said the company is in talks with unions to increase efficiency.

He was responding to reports that the company is planning to reduce its workforce by up to 2,000.

Eircom announced last year that it intended to cut 1,200 jobs by March next year.

  • Morning Ireland: Paul Donovan, Chief Executive of Eircom, says that Eircom intends to reduce its numbers by 1,200 but the company will have to lower costs further

    Morning Ireland

    5 July 2010

    Paul Donovan, Chief Executive of Eircom, says that Eircom intends to reduce its numbers by 1,200 but the company will have to lower costs further

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