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Telecoms heavyweight Virgin Media O2 (VMO2) is set to cut thousands of jobs as part of a £600million drive to slash costs.
The company, owned by Liberty Global and Telefonica, is planning to make a wave a redundancies among its 16,000-strong workforce in the coming months as it grapples with investor concerns about its ability to service debts.
The exact number of jobs set to be axed has yet to be decided ahead of its third-quarter results next week, sources told Sky News.
More to follow…
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