Tuesday, May 09, 2006

NTL post Q1 loss and announce 6,000 job cuts.

Bloomberg: NTL Plans 6,000 Job Cuts to Lower Costs, Reports Loss

NTL have bought Telewest Global Inc. and plan to cut 6,000 jobs in an effort to reduce costs. They announced the job losses as they posted a net loss of 119.9m in the first quarter.

Posted by brendan @ 11:09 AM (698 views)
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