NTL confirms 6,000 job losses
NTL has confirmed it is to axe around 6,000 UK jobs while outsourcing a "significant number" as part of its merger with Telewest.
In a statement today, NTL chief exec Steve Burch said the cableco is to "accelerate our integration program" so it can save £250m a year by the end of 2007.
Around 80 per cent of the job cuts will be carried out over the next 12 months.
But only yesterday NTL was telling employees that reports of the job cuts were still "speculation" and nothing was official.
Further information:
http://www.theregister.co.uk/2006/05/09/ntl_job_cuts/
Labels: ntl-broadband
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