The company, which also owns Meteor, has recently opened a voluntary leaving scheme to its 6,800-strong workforce which could cost up to a further €60m. Staff have until May 21 to apply for what Mr Donovan has described as "extremely generous" redundancy packages given the economic climate.Eircom has a debt pile of about €4bn.
The company, which was formally acquired at the start of this year by Singapore's ST Telemedia, originally introduced a voluntary redundancy scheme last year that aimed to axe 1,200 of its workforce by March 2011. To date, 800 staff have left under the scheme. Full Story
