Virgin Media O2 reportedly set to cut thousands of jobs in a bid to save costs
- Virgin Media O2 currently employs around 16,000 workers
- However reports claim 25% could be set for redundancy
- Non-customer-facing roles will likely be heaviest hit
Sky News has reported that Virgin Media O2 (VMO2) plans to cut an unconfirmed number of jobs – understood to be in the thousands – amid ongoing cost reduction efforts and a bid to get a grip on company debt.
Though the number of workers said to be impacted is not yet known, the company currently employs around 16,000 workers, so 'thousands' would represent a significant chunk of its workforce.
VMO2 looks to be one of the latest companies in a long list to be flattening its hierarchy, with changes to management reportedly underway.
VMO2 job cuts look to be around the corner
Crucially, Sky News reports that non-customer-facing roles will likely be heaviest hit. The firm's customer services typically perform well, it seems, with Virgin...
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