Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

900 jobs
Number of planned job losses
Job loss
Announcement Date
21 January 2016
Employment effect (start)
21 January 2016
Foreseen end date
31 January 2018

Description

Telecommunications company Virgin Media has announced plans to cut 900 jobs from its British workforce.  The company was bought by US based Liberty Global in 2013 and has since embarked on plans to reorganise the business. The company has confirmed that it has begun mandatory consultation with employees affected by the plans, though it has not been announced where the job losses will come from. In terms of the timescale, Virgin Media expects that the cuts will start soon and will continue over a period of two years. 


Sources

  • 21 January 2016: The Telegraph
  • 21 January 2016: The Guardian

Citation

Eurofound (2016), Virgin Media, Internal restructuring in United Kingdom, factsheet number 86255, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86255.