Labour moves its HQ from city quays after costly General Election
The Labour Party has been forced to break the lease on its quayside city-centre headquarters as it relocates to a two-room basement office on Dublin's southside.
The party is understood to have incurred a five-figure bill after successfully negotiating the termination of its tenancy.
Labour moved its headquarters to the Bloodstone building at Sir John Rogerson's Quay last year as it geared up for the General Election.
The move to the penthouse offices, which overlook the river Liffey, came following the sale of its former headquarters at Ely Quay for €800,000.
But following the party's disastrous election result, which saw it reduced to seven TDs, Labour was unable to afford the high rent. The party's national executive decided to relocate the party to a two-room office in a basement on Hume Street. The move took place last week.
Like other parties, Labour has had to introduce other cuts, including letting go some of its headquarters staff.