Vodafone sheds 10% of Irish workforce
Vodafone Ireland will aim to cut over 10% of its staff, following the recommendations of an internal review.
The company has told employees of the plan to cut around 130 of its 1,200 strong workforce, and has launched a consultation with unions over how to achieve the reductions, the Irish Times reported.
Vodafone hopes to achieve the target through a mixture of voluntary redundancies and early retirement, and wants to keep the unions on its side.
Just last week, staff union CWU lodged a successful pay claim with the Labour Relations Commission (LRC).
The LRC recommended Vodafone increase wages for 20% of its workforce next year and in 2012, with the remainder being eligible for salary reviews in 2011.
In exchange, the CWU agreed to engage with Vodafone Ireland on these reorganization talks.
An announcement of job cuts has been expected since the pay claim compromise.
Vodafone Ireland's HR director, Francesco Bianco, told Irish Times the cuts would help the company operate more efficiently, and that the company would aim to provide its employees with as much support as possible during the cutbacks.
The company revealed that its operating profit had fallen 24% to €205.2 million and ARPU by 7.7% to €36.10 by the end of Q1.