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Eir has announced plans to cut 750 staff

Eir has announced plans to cut 750 staff

Eir has announced the loss of 750 jobs after a majority stake takeover by two French firms connected to a telecoms billionaire.

The Irish Times reported the plans, saying that the acquisition by Xavier Niel's companies is part of cost-cutting initiatives by Eir.

In a statement to the Times, the company says staff will soon be contacted in about the redundancies.

It was first announced in December that Mr Niel's firms, NJJ and Iliad, would be buying 65% of Eir in a deal worth €650m.

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Fears had been mounting in recent weeks that large job losses may be looming.

Eir currently employs more than 3,000 staff.

The firm has stressed that the job losses will not impact in the rollout of broadband in rural areas.

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