Menu
21/01/2003
Logica announce over 300 jobs losses
Troubled telecommunications firm Logica, which recently merged with CMG, has announced that around 315 workers are to be made redundant in the next few weeks.
A spokesperson for the company confirmed that talks were underway on the redundancy packages for the employees affected by the cuts at the firms bases in Cork and Dublin. He said that most of the lay-offs would take place with in the next few weeks.
The merger of the two electronics services companies employing 23,000 worldwide was predicted to lead to around 1,400 jobs losses this year. The redundancies in the Republic of Ireland are the first to be announced by the group under a radical rationalisation programme, which is set to save the company £60 million in operating costs.
It is likely that the cutbacks at Logica will mean the cessation of development work on its software products in Ireland.
The Tánaiste and Minister for Enterprise, Trade and Employment, Mary Harney, said that the loss of 315 jobs at LogicaCMG was "disappointing and unexpected" but added that the company's decision was "clearly a result of the downturn in telecommunications markets around the world as well as a consequence of the merger between the Logica and CMG operations".
The Tánaiste said: "I understand that the company is announcing lay-offs across its operations worldwide and while that is of little consolation, it does underline the fact that job losses in the industry are not a phenomenon that is unique to Ireland. But the wheel always turns a full circle and the challenge facing us now is to ensure that we continue to get the fundamentals in our economy right so that we are better placed than others to benefit from the turnaround when it comes."
All together the IDA pumped €5 million into the two firms over the past few years, and it is understood that the agency has demanded €3.5 million to be repaid.
(SP)
A spokesperson for the company confirmed that talks were underway on the redundancy packages for the employees affected by the cuts at the firms bases in Cork and Dublin. He said that most of the lay-offs would take place with in the next few weeks.
The merger of the two electronics services companies employing 23,000 worldwide was predicted to lead to around 1,400 jobs losses this year. The redundancies in the Republic of Ireland are the first to be announced by the group under a radical rationalisation programme, which is set to save the company £60 million in operating costs.
It is likely that the cutbacks at Logica will mean the cessation of development work on its software products in Ireland.
The Tánaiste and Minister for Enterprise, Trade and Employment, Mary Harney, said that the loss of 315 jobs at LogicaCMG was "disappointing and unexpected" but added that the company's decision was "clearly a result of the downturn in telecommunications markets around the world as well as a consequence of the merger between the Logica and CMG operations".
The Tánaiste said: "I understand that the company is announcing lay-offs across its operations worldwide and while that is of little consolation, it does underline the fact that job losses in the industry are not a phenomenon that is unique to Ireland. But the wheel always turns a full circle and the challenge facing us now is to ensure that we continue to get the fundamentals in our economy right so that we are better placed than others to benefit from the turnaround when it comes."
All together the IDA pumped €5 million into the two firms over the past few years, and it is understood that the agency has demanded €3.5 million to be repaid.
(SP)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
15 March 2010
Belfast's Britvic Jobs In Jeopardy
The drinks company Britvic could shed up to 50 posts in Northern Ireland, it is understood. Local MLA and Stormont Junior Minister, Robin Newton has expressed deep disappointment at the latest jobs losses declared by long established company Britvic.
Belfast's Britvic Jobs In Jeopardy
The drinks company Britvic could shed up to 50 posts in Northern Ireland, it is understood. Local MLA and Stormont Junior Minister, Robin Newton has expressed deep disappointment at the latest jobs losses declared by long established company Britvic.
07 January 2011
Britvic Puts Further Squeeze On Staffing
Two Belfast politicians have separately expressed their regret over fresh jobs losses in a local soft drinks company. The Alliance party said the further three job losses at the Britvic company on the Castlereagh Road - following dozens at the plant last year - was bad news.
Britvic Puts Further Squeeze On Staffing
Two Belfast politicians have separately expressed their regret over fresh jobs losses in a local soft drinks company. The Alliance party said the further three job losses at the Britvic company on the Castlereagh Road - following dozens at the plant last year - was bad news.
30 April 2002
German-owned County Donegal plant axe 86 jobs
Eighty-six workers at the German-owned Ruibear Motair Teo (RMT) plant in Derrybeg, County Donegal have lost their jobs with the closure of the plant on Monday April 29. The company, which manufactures rubber car components for the European market, recently axed 25 jobs following a slowdown in business.
German-owned County Donegal plant axe 86 jobs
Eighty-six workers at the German-owned Ruibear Motair Teo (RMT) plant in Derrybeg, County Donegal have lost their jobs with the closure of the plant on Monday April 29. The company, which manufactures rubber car components for the European market, recently axed 25 jobs following a slowdown in business.
02 November 2001
Prudential Belfast branch threatened as 2,100 jobs axed
Britain's second biggest insurance group, the Prudential has announced that it will axe 2,100 jobs, some of which may be in Belfast. The jobs, which will go by the end of 2003, are part of a company-wide restructuring. One thousand of the job cuts will be compulsory redundancies from back-office and support services.
Prudential Belfast branch threatened as 2,100 jobs axed
Britain's second biggest insurance group, the Prudential has announced that it will axe 2,100 jobs, some of which may be in Belfast. The jobs, which will go by the end of 2003, are part of a company-wide restructuring. One thousand of the job cuts will be compulsory redundancies from back-office and support services.
04 October 2001
Further jobs shed at BMI British Midland
BMI British Midland is the latest major airline to confirm that it is to axe jobs in the wake of the US terror attacks on 11 September.
Further jobs shed at BMI British Midland
BMI British Midland is the latest major airline to confirm that it is to axe jobs in the wake of the US terror attacks on 11 September.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
