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January 22, 2016updated 31 Aug 2016 9:44am

Virgin Media plans to slash 900 UK jobs in two-year restructuring plan

News: The company currently employs around 23,000 people in the UK.

By CBR Staff Writer

Virgin Media has unveiled restructuring plans that could see 900 job cuts from its UK workforce in the next two years.

The company, which currently employs about 23,000 people in the UK, did not unveil which parts of its operation would be affected by the lay-offs. Virgin Media plans to change focus on several divisions under its restructuring efforts.

Virgin Media has, however, said that it plans to increase its headcount by 2,000 in the UK and overseas by 2017.

The company’s main focus is on Project Lightning, its five-year plan to invest £3bn in expanding super-fast broadband network to 17 million households and businesses in the UK.

Virgin Media CEO Tom Mockridge said: "Over the last three years Virgin Media has been transformed.

"We’re expanding, investing and growing our business. The proposed reorganisation will give us an even sharper focus on the customer, network expansion and business growth."

Last November, Virgin Media launched a digital business accelerator programme in the UK, seeking digital start-ups in Internet of Things, telecom infrastructure, customer data and experience, social enterprise, connected homes, connected goods and services.

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Virgin Media delivers fixed and mobile telephone, television and broadband internet services to businesses and consumers in the UK. It was acquired by the US cable firm Liberty Global in 2013 for £15bn.

In October last year, Virgin Media Business urged the UK Government to reintroduce the Super Connected Cities (SCC) scheme by launching its own scheme to offer broadband to small businesses.

The scheme will cover the installation costs of broadband for new business customers in the cities where the SCC scheme has been run, replacing the Government scheme which provided broadband grants of up to £3000.

The company said 86% of installations completed under the SCC programme costed less than £1000.

The list of 50 cities includes London, Birmingham, Manchester, Liverpool, Bristol, Cardiff, Edinburgh and Glasgow.

 

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