News is emerging today that Eircom (www.eircom.ie), Ireland’s largest telecommunications provider, plan to axe 400 jobs from it’s 7,000 work force in it’s fixed line division. This all comes despite them making a increase of 16% last year’s revenues and a resulting 3% increase in operating profits up to €240 million. I guess this goes to show that even if your company is making money, they are still going to try and make more. Eircom are also planning to ask the regulator for permission to increase the fixed line rental. I don’t think either of these moves will help Eircom in the popularity ratings.
update: it’s looking more like 900 job redundancies are planned at Eircom. And it is planned that these will happen before 2010. With 400 of them happening before the end of this year. A letter from the company yesterday state “We as an organisation must continually adapt the way we do our business; greater productivity and lower costs are key elements of our changing business.“