Mobile phone company O2 has confirmed it is seeking 120 voluntary redundancies from its Irish workforce of 1,100 people.
The company is owned by Spanish telecoms group Telefónica.
It said the redundancies are needed to deal with the ongoing challenging market conditions, ''including a fiercely competitive telecoms sector''.
It said the moves follow a review of the business which has identified a need to cut costs, including jobs.
O2 added that by taking these cost-cutting actions, the company will be in a position to sustain the most competitive offerings to customers while also continuing to invest in next generation products and services. This will ensure the future growth of the company in Ireland.
