Virgin Media Shedding 2,200 Jobs

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Leading UK cable group Virgin Media has announced plans to reduce its British workforce by 2,200 by 2012 as part of a planned cost savings of more than $186 million over the next four years. The company said no job cuts would happen before the fourth quarter of 2009, according to the BBC.

The company, which has just negotiated a deal to delay its debt repayments, says it will try to avoid redundancies and offer staff alternative positions wherever possible.

Chief executive Neil Berkett said:

"These changes are critical to ensuring Virgin Media is positioned to compete effectively and deliver on our customers’ changing expectations. We recognize that this brings with it significant uncertainty for our people and the communities where they work."

Virgin Media has 76 offices, including four major bases, across the UK.