The vast majority of staff at BNY Wexford will be offered either redundancy or a role in Dublin.
The financial services company held a meeting at the site this morning, where it's understood staff were told fewer than 5 per cent will be able to continue working from home.
At a meeting that lasted less than 10 minutes, staff at BNY Wexford were informed of the company’s future plans for their south east operations.
A member of staff who wishes to remain anonymous said less than 5% of staff are to be retained on a work-from-home basis.
The remaining staff will either be offered to relocate to the Dublin offices or offered redundancy.
At today's meeting, it’s understood staff were told the reason for the job losses was due to the company’s restructuring of locations globally.
A consultation period begins on February 8th.
Wexford TD George Lawlor says staff have been treated appallingly:
"An 8 minute meeting with no apology, no acknowledgment of rumours and no empathy showing, is what I have been told by a staff member."
"It really is an appalling way to treat a body of people, who have given such loyalty and service to this company."
Minister for Enterprise, Trade and Employment Peter Burke Line says the government and IDA are engaging with the company:
