STAFF AT ESB have voted in favour of a major cost-cutting plan which will see 1,000 jobs lost at the energy supplier.
The company has welcomed the vote by employees on the payroll reductions, which ESB says will lead to savings of €140 million in annual payroll costs.
The job losses are part of an overall plan by the company to cut its costs by €280 million by 2015.
The State-owned energy provider has asked for around 700 voluntary redundancies which will be sought later this year. The remaining 300 jobs will be cut over the next three years.
The company currently employs around 6,900 people.
The cost-cutting programme was agreed in negotiations between ESB management and the four unions representing ESB workers – SIPTU, Unite, TEEU and the ESB Officers’ Association.
John Campion of ESB said that the acceptance of the proposals will allow the company to remain competitive in electricity and gas markets.