Telecoms group Virgin Media O2 has announced it is cutting thousands of jobs among its 16,000-strong UK workforce under plans to save £800 million by 2029.
Job cuts announced
The major UK mobile network provider revealed the job reductions as part of a cost-saving programme. The company, which employs around 16,000 people in the UK, has not specified which roles or locations will be affected.
The announcement comes as part of broader efforts to reduce spending over the next three years.
Impact on workforce
The cuts represent a significant reduction in the company's UK workforce, though the exact number of positions to be eliminated has not been disclosed.
Virgin Media O2 has not yet provided details on the timeline for the redundancies or which departments will be impacted.
Further information is expected as the plans are rolled out, with the company aiming to achieve the £800 million savings target by 2029.
