The company said the move was the result of it examining its business to see how it can plan for the future. вЂњWe will continue to employ well over 2,000 employees after the proposed changes.вЂќ вЂњPayPal remains committed to Ireland and our Dublin and Dundalk sites will continue to be among our largest global centres for employment and operations, supporting our customers,вЂќ it said in a statement. PayPal has stressed that the decision does not change its commitment to Ireland. The roles that are being targeted for compulsory redundancy are across a range of functions.ДЎ35 of the positions are based in companyвЂ™s Dublin office in Blanchardstown, while the remaining 172 roles are in the Co Louth town. The company is opening a consultation with impacted staff who have been notified about the situation. The Government will make all necessary State assistance available to the workers, to help them find new employment, education and training opportunities as soon as possible.307 jobs are under threat at online payment firm PayPalвЂ™s offices in Dublin and Dundalk in Co Louth. 'We are working hard to reach this goal and have set ourselves the target of 2.5m people at work by 2024, which would be the highest level of employment in the state. Secure, well-paid, sustainable jobs located in every county in the country. Our goal is to create a job for everyone that wants one. I know this is coming on top of what has been a very difficult couple of years for everyone and will be very worrying. 'IвЂ™m very conscious of the workers and their families receiving this news today. 'Consultation with staff will begin this Thursday and I understand all 307 redundancies will be initially sought on a voluntary basis and a good redundancy package will be made available. The company has assured me that Paypal remains committed to Ireland and the remaining 2,000 staff the company will continue to employ here. I have spoken with the Paypal leadership team and expressed my disappointment at the decision and the impact it will have on their employees. Tanaiste and Minister for Enterprise Leo Varadkar says: 'This news will come as a real shock to the staff working at PaypalвЂ™s Dundalk and Blanchardstown offices, their families and communities. We are offering enhanced redundancy and support packages to help them as they move to the next step in their careers. 'PayPal is committed toвЂЇensuring that colleagues who leave under the proposed changes are treated fairly and generously. We will continue to employ wellВ over 2,000 employees after the proposed changes. 'PayPal remains committed to Ireland and our Dublin and Dundalk sites will continue to be among our largest global centres for employment and operations, supporting our customers. 'PayPal notified employees in the affected teams of the consultation today. 'We are proposing a reduction of 307 roles in Ireland: 135 roles in Dublin,В 172 roles in Dundalk. The changes will help us scale our business to meet the evolving needs of our customers, ready for ourВ next chapter of growth. 'This proposal is subject to consultation. PayPal released the following statement: 'PayPal is proposing toВ remove a selection of rolesВ at its sites in Dublin and Dundalk following a review of its operational needs. Consultation with staff will begin on Thursday.

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