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80,258 News Articles

Virgin announces 2,200 job cuts

Layoffs not related to financial crisis

Virgin Media is to cut 2,200 jobs by 2012 as part of a group-wide overhaul in the wake of the company's formation following the merger of cable companies Telewest and NTL in 2006.

The group, which employs 14,600 people and has Sir Richard Branson as its largest shareholder, has 76 offices across the UK, with major bases in London, Edinburgh, Nottingham and Sheffield.

Virgin said it would not start cutting jobs until the fourth quarter of next year, with the majority of the role reductions taking place before the end of 2010. The company insisted the job cuts were not related to the current downturn in the economy.

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