Virgin Media O2 have announced by the end of the year they are to axe up to 2,000 jobs which comes after the £31 billion merger between Virgin Media and the mobile operator O2.
A spokesman said, “As we continue to integrate and transform as a company, we are currently consulting on proposals to simplify our operating model to better deliver for customers, which will see a reduction in some roles this year.
“While we know any period of change can be difficult, we are committed to supporting all of our people and are working closely with the CWU (Communication Workers Union) and Prospect along with our internal employee representatives as we have open and honest conversations on the future direction of our business.”
📢 Our Q2 2023 financial results – as Virgin Media O2 out now.
Our Earnings Release here ⬇️ https://t.co/2wf24Ef6zI#VirginMediaO2Results 📈
— Virgin Media O2 News (@VMO2News) July 25, 2023
Virgin Media O2 chief executive Lutz Schuler said: “As we navigate a tough economic climate, we have a clear long-term strategy and continue to deliver for customers.
“Amidst higher costs, rising usage and continued investment, we executed necessary price increases in line with our expectations with the impact starting to flow through to our Q2 revenue and EBITDA growth.”
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