P203news.today203Tue 03 Nov08:50
NEWS.TODAY
BUSINESS 3/9
Virgin Media O2 to cut thousands of jobs in £800m savings plan
Virgin Media O2 will axe thousands of jobs among its 16,000-strong UK workforce to save £800 million a year by 2029.
Virgin Media O2 is to cut thousands of jobs as part of a plan to save £800 million annually by 2029. About £300 million of the savings will come from reducing labour costs by roughly 30 per cent, though the company did not specify how many roles will be lost.
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