Virgin Media plans huge job cuts!
November 11, 2008
The economic downturn has seen many employees being made redundant and unfortunately for staff at Virgin Media there are going to be big cuts in the organisation. The firm are looking to make at least 2,200 job cuts by 2012. This is almost 15% of it’s workforce and is all being done as part of a group-wide overhaul.
Virgin Media are not going to start the redundancy procedures until the fourth quarter of next year and are also hoping to place staff in alternative roles where possible throughout the company.
Neil Berkett, the Chief Executive of the firm has said:
“These changes are critical to ensuring Virgin Media is positioned to compete effectively and deliver on our customers’ changing expectations. We recognise that this brings with it significant uncertainty for our people and the communities where they work”
The company won a deal earlier this month to delay its debt repayments which means they have until 2012 to pay back £4.3bn worth of loans.
2,200 redundancies is a massive procedure in any company and obviously not a very nice issue to deal with. With 76 offices located all over the UK i feel sorry for the HR department and even more sorry for the soon to be jobless employees.
Things to consider:Attività ricreative per aziende – EventMedia
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