Virgin Media O2 to cut thousands of jobs in £800m savings drive
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Virgin Media O2, owned by Liberty Global and Telefónica, will cut thousands of jobs in an £800m annual savings plan by 2029 to address a £22bn debt pile. About £300m is to come from cuts that could remove up to 25% of its 16,000 workers and lower the wage bill 30% over two years, mainly in non-customer-facing roles, while AI use grows in customer service, network planning and fault handling.
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