Up to 100 lay-offs at M2 Telecommunications

M2 Telecommunications may lay off up to 100 staff in a “partial restructure” of its business, following the company’s acquisitions of Dodo and Eftel earlier this year.

The acquisitions mean M2 now has an overlap of about 100 roles spread across administration, customer service and sales, the company said yesterday.

As a result, M2 will look to redeploy these staff, or make them redundant.

M2 said it will consult with the 100-odd employees to “explore opportunities for redeployment within the company”. If redeployment is not possible or not of interest to an employee, they may be made redundant, the company said.

Employees made redundant will receive full entitlements and will be offered access to support services.

“We take this decision and the impact on our team very seriously,” said M2 CEO Geoff Horth.

“This was a carefully considered and difficult decision. We place a high value on our team so today we are committed to spending time with affected team members and we will be working over the course of this week to explore all possible avenues for redeployment.”

M2 purchased Dodo and Eftel earlier this year - Dodo for about $204 million and Eftel for about $44 million.

The purchases added 2175 employees to M2’s existing roster of 956 staff.