HomeJobsThree Ireland to cut up to 150 jobs nationwide after ‘lower earnings’...

Three Ireland to cut up to 150 jobs nationwide after ‘lower earnings’ and rising costs

Date:

Related stories

Tony O’Reilly former owner of the Independent newspaper has died aged 88

Media magnate Tony O’Reilly, one of Ireland’s leading business figures,...

Tony O’Reilly, one of Ireland’s leading business figures, dies aged 88

Tony O’Reilly, one of Ireland’s leading business figures, has...

Tailteann Cup: Down, Fermanagh and Antrim all win in tier-two championship

Daniel Guinness, all from play, and Pat Havern both...

Down ease to Tailteann Cup win over London

Tailteann Cup Group 4, round twoLondon 0-10 Down 1-24A...
spot_imgspot_img

Three Ireland.

Three Ireland are to cut up to 150 jobs across the country as part of a collective redundancy process.

The move will affect close to one in nine employees as it currently has more than 1,300 workers in Ireland. Most of its workers are based in Dublin but they also operate a centre in Limerick.

Today’s News in 90 Seconds – January 26th 2024

In a statement released this evening, the company confirmed they will begin a collective redundancy process after a year of lower profits and rising costs.

“Three Ireland can confirm it has made the difficult decision to enter a proposed collective redundancy process for the business and as a result, a number of roles will be impacted. We expect approximately 130-150 roles may be impacted, although the actual number will be determined in due course.

“Prior to reaching this difficult decision, Three Ireland has implemented a number of measures in a bid to reduce operating costs. However, the business continues to experience commercial performance challenges, with lower earnings and margin growth year on year, as operating costs continue to increase.

“The measures announced today position the business on a stronger platform for the future, ensuring it can maintain its market leading position and will enable growth.” a spokesperson said.

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img