British cell operator Virgin Media O2 has introduced plans to put off as much as 2,000 workers by the tip of the yr.
The telecoms big reportedly began handy some employees redundancy notices on Monday evening.
The job cuts will quantity to greater than a tenth of the cell operator’s workforce, the Daily Telegraph reported.
It follows 55,000 roles being reduce by rival BT Group again in May.
When outlining annual outcomes, BT mentioned it noticed its “total labour resource” being lowered from 130,000 to between 75,000 and 90,000 by the tip of the last decade below a “rolling plan”.
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Virgin Media O2 was created after a three way partnership between US-listed Liberty Group and Spain’s Telefonica in 2020.
Earlier this month, Ofcom opened a probe into the corporate following complaints that the cell operator was making it laborious for patrons to cancel companies.
The Liberty Group additionally holds 5% in Vodafone, which additionally plans to slash 11,000 jobs world wide throughout three years.
It comes as the corporate tasks a $1.6bn (£1.2bn) drop in annual free money stream.
Source: information.sky.com”