According to Matt Cooper on TodayFM there are unconfirmed reports that major redundancies are to be announced at Eircom tomorrow. The parent company Babcock and Brown have been in serious financial difficulties for sometime and Eircom has been leverged to the hilt through the various buyouts since privatisation.
Mary O'Rourke around anywhere for a comment?
'Personally, I find the notion of changing our constitution in exchange for a loan absolutely disgusting'. - Tin Foil Hat
I truly hope that Babcock and Brown suffer an Anglo-style collapse. They paid €2.4 billion for Eircom.............a company that was barely turning over an operating profit!Originally Posted by kerrynorth
They had a firesale of assets in January to stave off the inevitable for a few months
Oh dear. It's all going to pot.Wonder if the 6 O clock will have it?
Just doesn't seem to end.
If the Eircom unions strike,how would this affect phone service?
Then maybe the state could buy it back for a fair price. Say €0.00
"Who will bailout the IMF after FF is finished with them?"
Feck all effect these days with everyone having mobiles.
This story from the Indo last week indicates that they are looking for 1000 redundancies.
1,000 Eircom workers to lose jobs in cost-cut plan - National News, Frontpage - Independent.ie
Dick Spring ( socialist ) also played a big role in this.
Which politician was looking for "donations" from stockbrokers at the time of this floatation?
Last edited by Digout; 5th March 2009 at 05:37 PM.
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