O2 to announce forced redundancies

sarah2008

:mad: :mad: :mad:

Absolutely devastated.

My husband has been confirmed today his company O2 are making lots of people redundant, and not even voluntary redundancy, forzed.

we are absolutely devastated! i am a house wife, with kids and a mortgage, things not looking well, His department is going down.

:mad:

Plissken1

sarah2008 wrote:

:mad: :mad: :mad:

Absolutely devastated.

My husband has been confirmed today his company O2 are making lots of people redundant, and not even voluntary redundancy, forzed.

we are absolutely devastated! i am a house wife, with kids and a mortgage, things not looking well, His department is going down.

:mad:

Jaysus ! I know someone who only just moved jobs to O2, is it defo official ?

copacetic

link? they'd be the 3rd place today to let people go if true..

cold_filter

im a contractor for o2, i havent heard anything about, but with vodafone letting people go they probably want to reduce their costs aswell....

Raiser

Suspicious post - I'd say its someones little experiment.

Either that or Sarah2008 really did find out this bad news concerning the future of herself and her spouse, rush off to her PC, seek out boards.ie - register a new account and navigate to boards.ie > Biz > Personal > Investments & Markets and post to tell us all about it ?

- My sources within O2 don't agree with this either.

cold_filter

i agree raiser.... something is afoot on boards......

kaizersoze123

Trying to see if you could get the share price lowered maybe?
You'll have to do a hell of a lot more than 1 post on boards.ie for that.

Talliesin

Signing up with an email address containing the phrase "o2sucksmycock" indicates a throw-away-account.

Ray007

Hi there

Unfortunately it is true.

I know someone working in there and have been told by his 2 inmediate bosses.What they don't know yet is who, how many of them or when it will be applicable. But the rumours in his office aer that by the endof this quarter they will all know. Also that a 10% global reduction is on the way.

In fainrness it wouldnt' surprise me as they seem to be copying Vodafone in everything they do.

About that name who started the thead is very suspicious....

smokingman

I've heard it too.

barryfitz

hmmmmmmmmm.. This rumour doesn't appear to be gathering too much speed.

dunkamania

kaizersoze123 wrote:

Trying to see if you could get the share price lowered maybe?

reducing staff usually increases the market price of companies

My friend who works for o2 has heard nothing about this

smokingman

dunkamania wrote:

My friend who works for o2 has heard nothing about this

Everyone working in head office on the quays has...

guest_user

100 voluntary redundancies being looked for....

http://www.rte.ie/business/reports/mibusiness.html

aphex™

kaizersoze123 wrote:

Trying to see if you could get the share price lowered maybe?
You'll have to do a hell of a lot more than 1 post on boards.ie for that.

I'm sorry I'll have to laugh at this comment.

Yes, the market will be sad the people are leaving and feel sorry for them so the share price will fall.

sneakyST

Also you cant buy shares in O2 anymore

markk06

aphex&#8482 wrote:

I'm sorry I'll have to laugh at this comment.

Yes, the market will be sad the people are leaving and feel sorry for them so the share price will fall.

Surely job lossesor rumours thereof may in some cases be an indicator of poor performance or losses in a company. This in turn will affect confidence in the market and therefore fearing further losses, investors will sell and price will fall.

But i think it would take more than a rumour on Boards to rock the share price of telefonica

flockofseagulls

when I first heard about this my first thought was of the 80 redundancies Voda announced a short while back.
I think O2 are making money hand over fist and the 100 job losses are some kind of token gesture at competetiveness.
They want to be seen to be cutting costs (a la Vodafone).
the market share they hold is kind of artificial anyway, because of the lack of competition in the Irish mobile market (changing now it seems)

copacetic

Raiser wrote:

Suspicious post - I'd say its someones little experiment.

Either that or Sarah2008 really did find out this bad news concerning the future of herself and her spouse, rush off to her PC, seek out boards.ie - register a new account and navigate to boards.ie > Biz > Personal > Investments & Markets and post to tell us all about it ?

- My sources within O2 don't agree with this either.

Sarah2008 1 : Your Sources 0