Axa restructuring to cost 100 jobs in Dublin office
Around 100 jobs could be lost in Dublin as insurance giant Axa plans to shift a number of operations to Northern Ireland, the Irish Independent has learned.
The French-owned group is remaining tight-lipped on the specific details of the plan. However, it confirmed restructuring is taking place, following a review of the business.
In the interests of "efficiency and customer service", it is consolidating certain operations, which will see the relocation of some roles from Dublin to Derry. The company says it is confident redundancies can be achieved on a voluntary basis.
In a statement, the company indicated the number of job losses will be limited but did not provide an exact figure.
"Axa will not be commenting on any specific details, as discussions with employee representatives are ongoing," it added.
Trade unions Siptu and Unite, which represent workers at the company, are understood to have held meetings with management.
While Axa insists that net job losses will be "small", the Unite union said that employees have been informed of "substantial" numbers of redundancies.
"We can confirm that workers have been advised of substantial proposed job losses. It is as a result of the company's plans to relocate some operational activity to Derry.
"Unite and Siptu will be engaging intensively with the company starting next week, in an attempt to minimise these jobs losses and secure the best terms for our members," a spokesperson for Unite said.
According to a source close to the firm, the job losses will be in the claims department, the call centre, as well as other areas.
Unite official Maeve Brehony said staff members were shocked and devastated at the news.
She stressed the union would now enter negotiations with management aimed at minimising the impact on members.
It will work to secure the best deal possible for those losing their jobs, she added.
As yet, it is unclear whether the redundancies will be limited to Dublin employees, or whether staff in the nationwide branch network will be affected.
It is also unknown whether staff in the Republic will have the option of redeploying to Derry.
Siptu organiser Peadar Nolan also stressed the union will negotiate with management to secure the best terms possible for its members.
Axa Insurance's Irish headquarters is at Wolfe Tone Street, Dublin 1.
It is understood the company employs around 750 people in Ireland and 300 in Northern Ireland.