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Wed 03 Mar 2010iRadio to let 12 staff go in move to cut costs
IRADIO, WHICH operates independent regional stations in the northwest and northeast of the State, plans to make 12 staff redundant and close its Galway studios in a move to save €1 million a year and reach profitability.
Management informed staff of its plans yesterday and intends to implement the cuts by the middle of April. As part of the restructuring, iRadio’s shareholders have agreed to invest another €1.5 million in the business.
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