MVNO Lebara has cut its workforce by around 8%, culling around 50 jobs.
The company announced in May that it was restructuring in a response to the current economic climate. A Lebara spokeswoman told Mobile 50 jobs had been cut, leaving the ethnic MVNO with a workforce of 550.
A Communications Workers Union (CWU) spokeswoman described the planned cuts as ‘disappointing’. She said jobs had been affected in customer service and sales but the MVNO denied customer service roles had been hit.
Last month, Lebara announced its annual results for 2011. Revenue increased by €84m, or 15%, to €648m. However, it reported an operating profit of €20m, compared to a 2010 pre-tax profit of €21.09m. It said gross profit margin was up 4% year on year, which was driven by a 27% increase in the MVNO’s customer base.
When the company announced the restructure earlier this year, a spokesperson said: ‘[It] will ensure the flexibility we need to deliver continued business success.
‘We are unable to comment further while the consultation is ongoing; however, we are confident that any changes we put in place will make us stronger, more focused and more efficient to capitalise on future opportunities and drive the growth of our business.’