Eircom, which has debts of €3.8 billion, is holding important meetings with shareholders and the Communications Workers Union this week ahead of the publication of its quarterly results on March 1.
The company has previously indicated that it could breach some of its lending covenants unless it restructures the company and gets new investment. It is seeking to implement a €90m cost reduction programme over the next three years.
But the Communications Workers Union, which represents 5,000 workers in the company, has said that it will not do any deal on cost-cutting until it gets clarity about future investment in the company.
The main shareholder in Eircom is Singapore Technologies Telemedia (STT). The Eircom Employee Share Ownership Plan also owns 35% of the company.
