Technology giant IBM is unlikely to force compulsory redundancies on Irish workers. The company said last night it would cut up to 13,000 jobs or 4% of its workforce worldwide.
A spokesman for the IDA told RTE News restructuring would 'not have significant implications' for the Irish workforce of 3,700.
IBM will be making changes at is plant in Mulhuddart, which tests computer chips, but it is understood workers will be offered redeployment within the group. Workers who decide to leave the company will be offered voluntary redundancy.
Last month, IBM warned that job cuts were coming following a bombshell earnings shortfall it blamed on disappointing profits and sales in Japan, Germany, France and Italy, as well as its inability to close deals near the end of the quarter.
IBM, based in Armonk, New York, employed 329,000 staff worldwide in December, the last time the company disclosed its total workforce figures. About 100,000 of those jobs were located in Europe.
