11.11.08

Virgin Media Slashes Jobs

Virgin Media has said it will cut 2,200, as part of a group-wide overhaul. The changes were "critical" to ensuring it was positioned to compete effectively.

The firm said it expected to improve its cash flow by up to £120m ($186.4m) over the next four years. The company won a deal to delay its debt repayments earlier this month, giving it until 2012 to refinance £4.3bn worth of loans.

Via BBC NEWS

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