Virgin Media O2 Owners Consider £600m Cost Cuts
7 Articles
7 Articles
Thousands of UK jobs at risk as Virgin Media O2 launches £600million cost-cutting drive
Thousands of UK jobs at risk as Virgin Media O2 launches £600million cost-cutting drive . A major British employer is preparing for another round of cost-cutting as it looks to bring its finances under control
Telefónica and Liberty Global study workforce cuts at Virgin Media O2 to save up to 700 million euros from pressure on their debt
The Telefónica and Liberty Global companies, which own 50% of Virgin Media O2 (VMO2), weigh asking their British subsidiary to launch an adjustment plan aimed at cutting about 600 million pounds (approximately 699.2 million euros) through reductions in staffing and lower operating and capital costs, according to [...] The Telefónica and Liberty entrance prepare a savings plan of 700 million euros in its British subsidiary VMO2 appears first in F…
Telefónica and the American Liberty Global, owners of 50% of VMO2, prepare an adjustment plan in their British subsidiary with the objective of saving about 600 million pounds...
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TV Tech Industry NewsShareholders of Virgin Media O2 UK reportedly target £600m in cost cuts
The owners of UK broadband, mobile and TV provider Virgin Media (O2), Telefónica and Liberty Global, are reportedly set to move forward with earlier proposals for a significant round of cost-cutting (i.e. a mix of job cuts and reducing capital expenditure) and are reportedly aiming to calm investors by cutting c.£600m. As we reported in July 2026, the situation was partly triggered after the price of Virgin Media and O2’s c.£1.1bn of senior unse…
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