Cable giant Virgin Media is to cut 2,200 jobs by 2012 under a sweeping restructure announced on Tuesday. The plans are part of a group-wide overhaul following a review this year made in the wake of the firm's formation by the merger of cable companies Telewest and ntl in 2006.
The group, which employs 14,600 people and has Sir Richard Branson as its largest shareholder, has 76 offices across the UK, with major bases in London, Edinburgh, Nottingham and Sheffield.
Virgin said it would not start cutting jobs until the fourth quarter of next year, with the majority of the role reductions taking place before the end of 2010. The company insisted the job cuts were not related to the current downturn in the economy.
Last week Virgin finally buried the hatchet with BSkyB when it was announced Sky's Basic channels – including Sky1, Sky2, Sky3, Sky News, Sky Sports News, Sky Arts 1, Sky Arts 2, Sky Real Lives and Sky Real Lives 2 – would be returning to Virgin after a period of absence over carriage fees.
The channels are available in cable homes from tomorrow.
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