Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Three Ireland is to make 160 staff redundant, due to duplication of roles following its acquisition of Telefonica Ireland (O2).
The company will make redundant 85 roles at its head office and 75 roles in its retail operation. It is a targeted redundancy, but with a limited 'expression of interest' option. A number of fixed-term contract workers will not be renewed upon expiry as well.
As part of the company's internal restructuring, following the completed acquisition of its competitor O2 in July, it is creating 90 new customer care jobs at a call centre in Limerick over the next 12 months.
Three Ireland CEO, Robert Finnegan, says that with a planned €300 million investment in its high speed network, he expects there to be 100 full time equivalent roles hired through third party contractors over the coming three years.
Eurofound (2014), Three Ireland, Merger/Acquisition in Ireland, factsheet number 77509, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77509.