Saturday October 31, 2020

Eircom cuts back to find a way forward

Cost-saving talks will be different this time at Eircom, with the employee shareholder group out of the picture, writes Richard Curran.

4th November, 2012
Charlie McCreevy, Bertie Ahern, Mary O'Rourke and Ray MacSharry at the launch of the Telecom Eireann share offer price in 1999. Photo: Photocall

Management at Eircom will sit down with trade union representatives in the coming weeks to hammer out details of a €100 million cost-saving plan. This time round, the cost cutting talks will be very different to those that have gone before.

It will be the first time in 15 years that Eircom's employees will not have a shareholding in the company; the Eircom Employee Share Ownership Trust (Esot) no longer exists. Current and former staff...

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