Type
Internal restructuring
Country
Ireland
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

120 jobs
Number of planned job losses
Job loss
Announcement Date
5 April 2012
Employment effect (start)
Foreseen end date

Description

Spanish broadband and telecommunications company Telefonica, which operates under the 02 name in Ireland, has announced 120 redundancies across the country.

The job losses are part of a restructuring plan to reduce costs and respond to what have been described as challenging market conditions. Redundancies are said to be realized through voluntary departures, for which the timeline is not yet known.

Telefonica employs 1,100 people in Ireland.


Sources

  • 5 April 2012: RTE news
  • 5 April 2012: The Irish Times

Citation

Eurofound (2012), Telefonica, Internal restructuring in Ireland, factsheet number 73591, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73591.