Three Ireland

Type
Internal restructuring
Country
Ireland
Region
Southern and Eastern; Dublin;
Location of affected unit(s)
Dublin and Limerick
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications
130 - 150 jobs
Number of planned job losses
Job loss
Announcement Date
25 January 2024
Employment effect (start)
25 January 2024
Foreseen end date

Description

Mobile phone company Three Ireland is to cut 150 jobs as it begins a collective redundancy process.

The company said it had previously introduced a range of measures in a bid to reduce operating costs, but the redundancy process is now necessary due to continuing lower profits and rising costs. The collective consultation process began in January of 2024.

The company is Ireland’s largest mobile provider, with 45.5% of market share. Three Ireland currently employs 1,300 workers based in its head office in Dublin as well as a centre in Limerick. At the latter, it had expanded its workforce in 2022 Three Ireland-2022-IE.

Sources

Citation

Eurofound (2024), Three Ireland, Internal restructuring in Ireland, factsheet number 200829, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200829.