Virgin Media to Cut 2200 Jobs by 2012
Posted: 12th Nov, 2008 By: MarkJ
Virgin Media has announced plans to cut 2,200 jobs by 2012, which it hopes will result in savings of up to £120m per year upon completion. The cuts are being made as part of Virgin's strategic review but have also been exasperated by the cold bite of a looming recession.
VM's CEO, Neil Berkett, hopes that the move will allow it to compete more effectively and lower operating costs. Most of the job losses are expected to occur over the next two years, with the bulk being complete by the end of 2010. Further details are expected to be released over the coming months.
VM's CEO, Neil Berkett, hopes that the move will allow it to compete more effectively and lower operating costs. Most of the job losses are expected to occur over the next two years, with the bulk being complete by the end of 2010. Further details are expected to be released over the coming months.
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