Jobs lost as Three Ireland merges with rival 02
TELECOMS giant Three Ireland will slash 160 jobs as part of it acquisition of competitor 02.
It has already announced plans to merge both operations.
A total of 160 people will find themselves out of work as a result of what the company said was a “duplication” across both operations, while 90 new posts will be created elsewhere.
Three Ireland has said it plans to make around 85 people redundant from its head office in Dublin and 75 people from across the retail business.
A number of fixed term contracts will not be renewed once they expire, the company added.
“These staffing changes are designed to redirect resources to enhance service and to ensure an efficient network that best serves our customer needs,” Three Ireland’s CEO, Robert Finnegan, said.
“We had signalled that integrating two businesses would inevitably result in some duplication of roles, and whereas we can’t side-step that challenge, we can and will ensure that departing staff are treated fairly and generously,” he added.
While there has been the announcement of job losses, the company also said that 90 customer care jobs would be created over the next year.
The company said that this would bring the staff numbers at Three Ireland’s customer care centre in Limerick to 440.
And a further 25 jobs have already been created over the last year in its IT and networks division as a result of the deal.
Workers at the company are set to be offered redundancy of six weeks of pay ex-gratia, in addition to two weeks statutory, for each year of their service.
Three’s €780m deal for O2 Ireland was approved by the European Commission in May and was legally completed in July.