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Ntl Said Set To Axe Up To 6,000 Jobs

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http://today.reuters.co.uk/news/newsArticl...ELECOMS-NTL.xml

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LONDON (Reuters) - Cable company NTL (NTLI.O: Quote, Profile, Research), which has bought smaller rival Telewest for $6 billion (3.2 billion pounds), will announce up to 6,000 jobs losses on Tuesday alongside first-quarter results, newspapers reported on Sunday.

A spokesman for NTL would not comment on the reports.

Investors have been expecting an update on NTL's plans following its takeover of Telewest, which was completed on March 3.

The Mail on Sunday said NTL would axe up to 6,000 jobs, or about a third of its workforce, adding that most of the enlarged company's call centre operations would be outsourced, with some work going to India. Marketing jobs will also go.

The Independent on Sunday reported 4,000 jobs would go, with Telewest's head office in Woking being closed.

On April 4, NTL said it was buying Virgin Mobile UK in a deal worth up to 985 million pounds, creating the country's first "quadruple-play" mobile, fixed-line, broadband and TV service under the Virgin brand.

The Mail on Sunday said Virgin Mobile would be relatively unaffected by the job losses although call centre staff may eventually be cut.

On October 3, NTL unveiled a long-awaited deal to buy Telewest in a move to compete more effectively with pay-TV company BSkyB (BSY.L: Quote, Profile, Research) and fixed-line telecoms firm BT (BT.L: Quote, Profile, Research) and others.

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Thats a hell of a lot of jobs, and comes only days after Orange announced theyre cutting 2000 :blink:

It seems that not a day goes by without job loses being announced in their hundreds or thousands :huh:

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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