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Ebeon to close?
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18-01-2001 6:24pm#1
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Here's the official word (from an ex-employee)
ebeon were told by our main shareholder (eircom) that we were going to inject cash which we needed to stay alive. On numerous occasions, they had said they would. Our CEO took their word as their bond, but to cut a long story short, they decided they're not going to give us the money and now we have ceased trading (as of 3pm ish today).
Tomorrow was supposed to be pay-day, but we don't have the cash to be paid, so there are now 170 (worldwide) employees with no jobs and no money.
Naturally enough, I'm gutted at this. I've got no job, no cash and I can't even buy a train ticket back to Mayo (my Mum's coming up in the morning to get me). Couple this with the fact that I'm supposed to be paying my rent, phone bill, electricity and various loans out of my account tomorrow and I can't. I really don't know what I'm going to do (financially), but I'm pretty sure I can sort another job soon (I'll mail you kayos).
So, this is the last post I'll be making to these boards from my desk in ebeon. You guys probably won't see me around for a while, so until then, be good!
All the best,
[This message has been edited by Kharn (edited 18-01-2001).]0 -
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Sorry to hear that Dab.
They did cut your contract with no notice so you are intitled to compensation. You should look in to getting it.
Clan Acid0 -
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It's a long story, but it goes something like this:
ebeon London was s resource leech - the country manager was fired cause he was ripping us off (this came from the CEO). No matter what happened, it was going to be closed.
ebeon New York was still relatively new, but was starting to make money (was doing BIG business with AOL/Time-Warner)
ebeon California was an R & D place and so would never really make money.
ebeon Milan - we didn't have our office sorted out yet - there were 2 employees doing the ground work and then we were gonna open properly.
ebeon Dublin - a highly profitable and successful business - serious clients (Eircell, Bank of Ireland, Irish Life and Permanent, Jurys Doyle Hotels, VHI, Irish Stock Exchange, the list goes on).
What we thought Eircom would do (which would have made logical sense) was have an Examiner appointed who would then go on and sell off resources in the other countries and keep Dublin going.
It's all messy and I can't really go any further than that on a public forum (I've probably already said too much).
Anyway, it's a sad story and one Eircom could have prevented, but they chose not to. They're not too high on my list of favourite people right now and if I ever met Alfie Keane or their new CFO (who seems to be making a play to buy Eircom).
Anyway - no stress - we got paid due to a problem with the bank and that's all I was worried about!!!
Be good - I'll talk to y'all soon!
All the best,
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Lol I read about the mistake on AIB's side in the sbp Lol that happend me before and if you have the money gone there aint much they can do about it
). What was withthe BMW give a way for finding new staff??? from what I read it honestly looks like the management were spending to fast. But anywho thats just my opinion.
kayos0 -
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