Go plc starts downsizing talks with GWU
Telecommunications giant Go has started discussions with the General Workers’ Union on reducing staff numbers.
The company, which is owned by Dubai firm Tecom, said the talks were an effort to ensure the long-term competitiveness of the telecommunications company.
“Go went through a complete restructuring a few years ago, which streamlined a number of processes and meant that there were excess staff. These were offered various generous early retirement schemes, which brought the headcount down and had a considerable (or the anticipated) impact on the company’s costs,” chief executive David Kay said.
“However, with ongoing regulatory pressure across the EU to reduce tariffs and with technology changing the way in which people use telephones, mobiles, television and broadband, the company anticipates considerable pressure to reduce costs even further if it is to remain competitive, especially since it plans to spend €100 million over the coming six years in order to be able to offer its hundreds of thousands of customers the innovation and efficiency that they expect from the company.
“Any changes will be made in a way to ensure that they have no impact on the high levels of service that GO customers expect,” Kay said.
Kay added that Go “fully appreciated that any reduction in headcount affected entire households” and that a team had been set up to work with every person that leaves the company to ease the transition.