Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Bracknell, Berkshire; Leeds; Liverpool; Manchester; Reading.
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

3,000 jobs
Number of planned job losses
Job loss
Announcement Date
28 February 2006
Employment effect (start)
Foreseen end date

Description

Telecommunications company Cable & Wireless announced plans to cut up to half its UK workforce on 28th February, shedding 3,000 jobs by the end of the decade as it tries to revive the fortunes of it's ailing UK business. The move is part of the strategy of the new head of the UK business, and the announcement has been met with anger by Unions at the company. The job losses are expected to particularly effect Cable & Wireless's headquarters in Bracknell, Berkshire, but it also has operations in Leeds, Liverpool, Manchester and Reading.


Sources

Citation

Eurofound (2006), Cable & Wireless, Internal restructuring in United Kingdom, factsheet number 63150, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63150.