Virgin Media cuts 600 jobs

Oliver Smith
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VIRGIN Media will cut up to 600 senior posts including a third of Virgin’s executive directors, as owner Liberty Global seeks cost synergies in the wake of its £14.5bn purchase of the UK cable operator this year.

The decision equates to the loss of four per cent of Virgin Media’s 15,000 workforce, but the cuts will only affect senior and middle management. Customer facing staff will not be affected by the cuts. Liberty Global is apparently pushing the staff reduction as it seeks to eliminate the duplication of roles.