Mobile operator Telefónica O2 Ireland will be cutting 50 jobs in total between its Dublin and Limerick operations as part of ‘internal restructuring’ and cost-cutting measures.
All 50 of these redundancies will be compulsary.
O2 Ireland staff met with management today to discuss these job losses and it is reported that the package being offered will include six weeks pay for every year of service plus two weeks statutory pay on top of this.
This restructuring and cost-cutting will not be limited to redundancies but will also hit O2 stores throughout Ireland: there are plans to convert 20 of the 52 O2-owned stores to franchise operators but this transfer of ownership will not affect retail jobs.
O2’s official statement read: "Telefónica O2 Ireland confirmed that it is undergoing a number of changes within the business. As part of this process, the company is restructuring a number of internal processes and systems which will result in approximately 50 redundancies out of a workforce of 1300 employees."
Telefónica O2 Ireland is a subsidiary of Spanish telecoms company Telefonica, and right now employs some 1,300 people directly in Ireland.