Staff Cut of Virgin Media
Tuesday, November 11, 2008 8:47
As a result of the recent austere condition, many businesses are laying off large amount of employees though it’s not the best way to cut cost. The cable, Internet and phone company—Virgin Media, which employs 14,600 people in the UK, is no exception.
In order to restructure the business, it sets to cut 2200 jobs between now and 2012. The company stated in a statement today that the staff cuts were part of the process following its formation with the merger of NTL and Telewest in 2006. Most of the reductions are expected to be pushed through between the fourth quarter of 2009 and the end of 2010. Although Virgin Media did not point to the current economic conditions as a cause of the job losses, its announcement comes at a time of intense concern about employment security in the market downturn.
According to chief executive of Virgin Media—Neil Berkett, these changes are critical to ensuring that Virgin Media is positioned to compete effectively and deliver on their customers’ changing expectations.
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