Virgin Media
Virgin Media said that job cuts will help it save over £100m a year

Virgin Media to slash 2,200 jobs

Gloomy outlook for staff as restructuring continues

Phil Muncaster

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.

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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."

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