Argos operates a bespoke model in the Republic of Ireland that is different to its UK stores.
The company said there would be no change to the retailer’s operations in Northern Ireland, Scotland, England and Wales.
The statement said Argos was performing well in its UK stores.
‘Not made this decision lightly’
The company is proposing an enhanced redundancy package for staff that “goes well beyond its statutory obligations,” the statement said.
It said a small number of staff not eligible for redundancy under Irish Law would receive a one-off goodwill payment.
“We have not made this decision lightly and we are doing everything we can to support those impacted,” said Andy McClelland, Argos Ireland operations manager.
“On behalf of everyone at Argos I would like to thank our colleagues, customers, suppliers and partners for their support to our business,” he added.
Argos stores will remain open to customers in the Republic of Ireland until 24 June.
Customers in Ireland will no longer be able to pay for orders via the Argos website or place orders via its home delivery service after 22 March 2023.
Orders placed up to this date will continue to be fulfilled and customers will still be able to reserve products online and pay for them in store until the point of business closure.
The aftersales, returns, refunds and exchanges policy will continue to apply until Argos stores close.
Michael Meegan from the Mandate union said it was a “difficult” day for staff.
She added that the union would be engaging with the company to get “the best possible deal for the workers who are being made redundant.”