Virgin Media O2 has confirmed it will cut thousands of jobs from its 16,000-strong workforce as it faces pressure to reduce costs.
The telecoms company is ‘taking action to create a simpler company’ and targeting savings of £800million a year by 2029, with £400million delivered in 2027.
It said the bulk of the cost savings – about £300 million – will come from job cuts, with aims to reduce labour costs by around 30 per cent. It did not disclose how many jobs would be cut.
Changes to several senior leadership roles have already taken effect, and the company also plans to reduce
To provide well-rounded coverage and a breadth of insight across various events, we rely on contributions from several staff writers, each bringing their own area of expertise to our publication.
