Cable giant Virgin Media is to cut 2,200 jobs over the next four years as it
looks to continue restructuring the company, according to a statement from the
firm.
The 13,000-strong organisation claimed that the restructuring will ultimately
drive "further improvements in its operational performance", and save around
£120m a year.
The majority of job losses will come between the fourth quarter of 2009 and
the end of 2010, and follow an "intensive period of review" undertaken after the
merger of NTL and Telewest and the subsequent acquisition of Virgin Mobile in
2006.
"These changes are critical to ensuring Virgin Media is positioned to compete
effectively and deliver on our customers' changing expectations," said chief
executive Neil Berkett in a statement.
"Over the coming weeks and months, we will be developing more detailed
proposals for their implementation."
Do you agree?
Have your say on this article