Telewest Denies Redundancy Speculation

05 September 2002

Britain’s number two cable operator, US-owned Telewest, is denying a story in the Financial Times that it plans to shed more jobs.

The newspaper reported that Telewest – which is attempting a massive restructuring to reduce its debt mountain – intended to make a further 1,000 redundancies by the end of 2003, having already laid off 1,500 this year. Its current workforce numbers around 9,000.

However, the group flatly denied the speculation, declaring: “We currently have no plans for any more job cuts other than those we’ve talked about.”

The paper also reported that Telewest has offered a redundancy package to around twenty of its top sixty managers, and that three of its eight customer service centres are to close. Such measures could, media gossips say, facilitate a merger with rival UK operator NTL.

Data sourced from: multiple sources; additional content by WARC staff