INCREASED security costs at Brinks Allied caused by Tiger kidnappings could cost 320 jobs as the unions struggle to strike a deal on wages.
New security protocols brought in by the Department of Justice have lead to increased costs and with more competition and operating losses, the fear is that Brinks could pull out of Ireland.
The company employs 320 people in its Irish operation, 120 in its cash in transit division and 200 regular security staff.
Just under three weeks ago, on January 4, Brinks employee Reggie Shannon was forced to rob €100,000 from a cash in transit van as his 67-year-old grandaunt and nine-year-old niece were held at gunpoint.
As part of the company's restructuring plan, old contract workers will have to switch to an annualised hours scheme, leading to a significant loss in wages.