Virgin Media to axe 600 management posts
September 20, 2013
Virgin Media is to axe 600 middle and senior management jobs as part of cost saving actions from its new owner, Liberty Global – who acquired the UK cable operator for $23.3 billion earlier this year.
As many as a third of Virgin Media’s 120 executive directors and directors could lose their jobs Virgin seeks to eliminate areas of duplication with Liberty in divisions such as finance, HR and legal.
Virgin Media said that the decision would “not impact our absolute focus on our customers, where we’ve invested in creating a thousand extra customer service roles this year… We’re building an agile and efficient organisation that’s fit for growth and can make the most of being part of the biggest cable company in the world”.