10 May 2006
Cable company ntl has confirmed that it is to shed around 6,000 jobs as it adapts to life as the UK's first 'quadruple-play' company.
Its takeover of Telewest and merger with Virgin Mobile will see the company offer home phone, mobile, broadband and digital television services.
"Part of this process will involve outsourcing a significant number of jobs, where employment would be transferred to an external organisation, as well as actual job reductions," said Steve Burch, chief executive of ntl.
"In total, this will involve around 6,000 employees by the end of 2007.
"The cost savings from the outsourcing and the job losses combined will be equivalent to around 3,400 full-time equivalent employees," he added.
The company said that around 80% of the jobs would be cut within the next 12 months.
Telewest was the subject of a £3.2 billion takeover by ntl in March, while the merger with Virgin Mobile is set to cost it a further £962 million.
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