Virgin Media

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
London and other locations
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications
200 jobs
Number of planned job losses
Job loss
Announcement Date
30 June 2017
Employment effect (start)
Foreseen end date

Description

Cable operator Virgin Media has announced that it is to cut 200 jobs from its management team following a failure to hit expansion targets. The company was also hit by negative press in March 2017 when staff were suspended amid allegations that progress with the new cable network had been exaggerated and investors had been misled. It is being reported that affected staff have been informed by phone that their jobs are at risk, and the majority of the cuts are expected to take place at the company's headquarters in London's Hammersmith. The timetable for the cuts has not been announced.

Sources

  • 30 June 2017: The Telegraph

Citation

Eurofound (2017), Virgin Media, Internal restructuring in United Kingdom, factsheet number 91444, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91444.