Digicel cut 500 jobs ahead of flotation but is still hiring

Denis O’Brien’s company will use €1.3 billion from IPO to pay down debt

27th September, 2015

It has emerged that Digicel, the Caribbean and South Pacific telecoms giant owned by Denis O’Brien, cut 500 jobs this year.

Digicel employs about 6,000 in the region, but opened a voluntary severance scheme to workers earlier this year.

That resulted in hundreds of people leaving the company. However, Lawrence Hickey, Digicel’s chief financial officer, said during a presentation last week that the company was still hiring in some areas, as it looks to shift...

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