Magnet announces staff lay-offs

21 Oct 2008

Irish telecoms, broadband and TV provider Magnet Networks is laying off eleven of its 135-strong workforce, principally in the areas of sales, marketing and back-office activities. SiliconRepublic reports that the operator is reducing its cost base in order to ensure it remains competitive as it enters 2009. A spokesperson for Magnet added that despite the redundancies, it was still hiring staff, notably in the key area of engineers where it currently has five vacancies.

Ireland, Magnet Networks