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Virgin Media O2 job cuts could save £200m but fail to ease debt crisis
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City AM
Virgin Media O2 job cuts could save £200m but fail to ease debt crisis
Virgin Media O2’s plans to axe up to 4,000 jobs could save the telecoms giant around £200m a year, but may do little to ease its mounting debt burden. The broadband provider is preparing to cut as much as a quarter of its 16,000-strong workforce as it battles fierce competition, falling revenues and concerns over [...]
2 Nov, 12:28
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