Eircom to axe 2,000 staff in accelerated cost-cutting measures
DEBT-laden Eircom is to axe 2,000 staff, or nearly two-thirds of its workers, in a move to accelerate cost-cutting measures, the company said today.
The company currently employs 5,700 people while other changes include further modernisation of work practices and consolidation of under-utilised offices around the country as it continues on its bid to tackle over €2bn in debt.
The changes will be implemented and led by the company’s newly appointed chief executive Herb Hribar and the senior management team.
“Challenges facing eircom are significant,” he said.
“They require a fundamental transformation in the way we are organised, the business activities we prioritise and the work practices we have adopted in order to substantially reduce our costs and become more efficient.”
He added the move will enable eircom to deliver greater value, exciting new products such as fibre broadband and improved service to its customers across Ireland.