Virgin Media O2 reportedly plans thousands of job cuts

Virgin Media O2 is reportedly preparing to cut thousands of jobs from its 16,000-person workforce, but the company has not confirmed a redundancy plan and the final number has not been set. People close to the company told Sky News that the cuts could affect staff in the coming months. One insider estimated that as many as 4,000 jobs could be affected. The estimate is not a confirmed target, and the precise scale of any workforce reduction remains unsettled. Most of the roles expected to be affected are non-customer-facing, according to the same reporting. Some senior leadership changes are already under way, and trade union officials at the CWU and Prospect are understood to have been briefed on aspects of the plans. Virgin Media O2 declined to comment on the reported redundancy plans. The company is also expected to review its use of contractors and suppliers as it seeks to reduce costs, according to people close to the business. The company is due to present its third-quarter results next week. Sources said it is expected to set a cost-reduction target in financial terms rather than specify a headcount figure. The target has not yet been announced. One report put the...