Virgin Media O2 to cut up to 25% of workforce in £800m cost-saving drive
Published 2 d ago1 sourceEvidence: Reported
VMO2, a JV of Telefónica and Liberty Media, plans mass layoffs from its 16,000-strong workforce as part of cost-cutting, amid investor and creditor concerns over its £22bn debt. The move signals financial stress in the UK telecom sector and potential credit deterioration.
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