R. Pritchard
Summary Bullets:
• Leading UK infrastructure-based telco service providers have announced up to 70,000 job cuts in the coming years, driven by efficiency initiatives and technology.
• Job losses are always regrettable, but improvements in service levels and the enablement of consumer and business innovations have been remarkable since BT's privatization.
Virgin Media O2 has released its latest financial results, which include the elimination of 2,000 jobs (nearly 10% of its workforce of 18,700). This comes as the company has recently shed fixed and broadband lines due to the challenging UK economic situation.
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