Primark, the parent company of Penneys, is set to cut approximately 150 jobs across Ireland, the UK, and the US as part of a restructuring plan.
The move is aimed at streamlining the company’s support functions and comes amid efforts to shift certain operations to an external provider.
The impact will be most significant at the company’s international headquarters in Dublin, where around 100 roles are expected to be made redundant. This figure represents roughly 7 per cent of the 1,500 staff currently employed at the Dublin head office.
The job cuts are concentrated in back-office departments, including human resources, finance, and procurement. These roles are considered part of the company’s support functions, which Primark now plans to outsource to improve efficiency and reduce operational costs.
It is understood that the third-party provider taking over these functions is Accenture, with the work expected to be handled primarily from the company’s operations in Mumbai, RTE reported.