UK’s Virgin Media plans a group-wide reorganisation that will cut 900 posts. The Liberty-owned cablenet has given no details amid ongoing consultations.
“The proposed reorganisation will give us an even sharper focus on the customer, network expansion and business growth,” said CEO Tom Mockridge.
The announcement contrasts with the £3 billion (€3.92bn) Project Lightning investment 12 months ago that was trailed to create 6,000 direct new jobs, including 1,000 new apprenticeships over a five year period. Mockridge claimed the operator was still in growth mode: “We’re expanding, investing and growing our business. The proposed reorganisation will give us an even sharper focus on the customer, network expansion and business growth.”
It is thought the job cuts will come over the next two years. Virgin Media said that the total number of people it employs, either directly or through partners in the UK and overseas, to rise from about 23,000 last year to more than 25,000 in 2016 and 26,000 in 2017. Virgin Media employs 13,600 staff directly.