Thousands of jobs at Virgin Media O2 to be cut
- Thousands of Virgin Media O2 staff face redundancy risk as the telecoms firm looks to save money in the face of billions of pounds of debt and tougher competition.
- The broadband provider has not finalised the number of roles to be cut but it is likely be a sizeable chunk of its 16,000 workforce, the BBC understands.
- VMO2 has billions of debt on its balance sheet and is tackling competition from both smaller providers as well as giants like BT, which has agreed a deal to acquire rival TalkTalk, a move which VMO2 has firmly opposed.
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- Thousands of Virgin Media O2 staff face redundancy risk as the telecoms firm looks to save money in the face of billions of pounds of debt and tougher competition.
- The broadband provider has not finalised the number of roles to be cut but it is likely be a sizeable chunk of its 16,000 workforce, the BBC understands.
- VMO2 has billions of debt on its balance sheet and is tackling competition from both smaller providers as well as giants like BT, which has agreed a deal to acquire rival TalkTalk, a move which VMO2 has firmly opposed.
Sources: BBC News