Argos is to close all its stores and operations in Irelan in June.
Argos employs around 580 people in 34 stores in the Republic of Ireland. The hours worked by staff in Ireland equates to 330 full-time roles.
Argos said it arrived at the decision to leave Ireland following a long period of “careful consideration” and a “thorough review” of its business and operations in the country.
The company said it concluded the investment required to develop and modernise the Irish part of its business was “not viable”, and that the money would be better invested in other parts of its business.
Argos said it would consult with staff and the trade union Mandate, and offer an “enhanced redundancy package” that goes “well beyond” its statutory obligations.
It said a “small number” of staff not eligible for redundancy under Irish law were set to receive a “one-off goodwill payment”.
The company said it was also committed to a programme of wider support to staff over the coming months.
