Software company Oracle, which employs more than 1,000 people in Dublin and Galway, said a redeployment and redundancy process will see a reduction of 2pc in its Irish workforce over the year.
In February, siliconrepublic.com reported that Oracle was cutting 1,000 jobs following its US$5.8m acquisition of CRM (customer relationship management) firm Siebel Systems, but that Oracle’s Irish divisions would escape lightly and that workers affected would amount to a single-digit figure.
The Siebel deal added about 4,700 workers to Oracle’s payroll. Oracle employed more than 51,000 people worldwide before the takeover.
Oracle’s Irish management said today that Oracle is undertaking a global business realignment in the finance area of its business.
“Part of this realignment will involve a reduction in job roles in Oracle’s Shared Service Centre, located at both the Dublin and Galway offices. This reduction is expected to be achieved mainly through a combination of redeployment, natural attrition, non-renewal of temporary short-term contracts and redundancies and we will work with employees to assist with the transition. This realignment process will happen over the next six months or so.”
Oracle continued: “Taking into account the hiring in of new talent, the transitioning employees from our various acquisitions and the redeployment and redundancy processes, this should result in an overall change in staffing levels in Ireland over the year of a reduction of approximately 2pc.
“In relation to the Galway office this decision is concentrated on the finance area of the business only and other areas within the Galway office (ie technical support, engineering, sales and other functions) are unaffected. We anticipate that Oracle’s facility in Galway will continue to be part of Oracle’s plans in Ireland,” the company said.
By John Kennedy
Buy your tickets now!