Eircom has confirmed it is to seek job cuts before the end of the year. Reports on Wednesday claimed that up to 400 jobs could go at Eircom in the cost-cutting exercise after chief executive Rex Comb told the Irish Times the board was mulling over the prospect. He said the job cuts would take place across three divisions – central services, retail and wholesale networks.

However, the news comes only hours after Eircom announced its first quarter results, which saw significant gains in customer numbers and revenue.

The telecoms firm rang up revenue of €490m for the period, and reversed a year ago operating loss of €2m to a €60m operating profit.

Customer numbers were up in both broadband and mobile divisions, with the telecoms firm adding 57,000 new DSL customers in the first quarter to bring its total broadband subscribers to 417,000 as of 31 March 2007. Mobile division Meteor added 29,000 new customers during the three-month period.

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