Thousands of jobs at Virgin Media O2 to be cut
The broadband provider has not finalised the number of roles to be axed but it will likely be a sizeable chunk of its workforce, the BBC understands.
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 been given regulatory permission to acquire rival TalkTalk, a move which VMO2 has firmly opposed.
Meanwhile, the company is dealing with fierce competition from cheaper "altnets" like Hyperoptic, Community Fibre, Gigaclear, and YouFibre.