Baltimore to shed 30 Irish jobs
Internet security firm Baltimore Technologies is to lay off 30 Irish workers as part of a worldwide restructuring plan that will reduce the company’s workforce by 600.
Baltimore, which has its headquarters in Dublin, announced an £18m loss for the first half of this year and has also been de-listed from the Nasdaq technology stock exchange in the United States.
The company also laid off 220 Irish staff last May as the global economic downturn began to hit the IT sector.
This morning, Baltimore chief executive Paul Sanders admitted that his firm is experiencing difficulties, but he said a major restructuring plan will firmly address that situation.
Under the plan, the company hopes to save £72m by selling off peripheral operations and concentrating on e-security and encryption software technologies.
