NTL Plans Workforce Cuts in Efficiency Drive

25 November 2003

Cable operator NTL is embarking on a cost-cutting drive as it recovers from a turbulent couple of years.

The US-listed company -- which boasts 2.8 million subscribers in the UK, its chief market -- hopes to shed around 2,000 staff from its 14,000-strong workforce over the next two years. However, NTL has stressed that no redundancy scheme is being planned; the group believes natural wastage will account for much of the fall in staff.

It also intends to integrate its eight billing systems and 28 customer databases. These are a legacy of NTL's acquisition spree in the 1990s, which left the firm with crippling debts and forced it into a complex financial restructuring early this year [WAMN: 14-Jan-03].

Data sourced from: MediaGuardian.co.uk; additional content by WARC staff