NTL likely to cut 5,000 from staff

World Brief

Staff at newly merged cabler NTL are bracing for up to 5,000 job losses as part of cuts to save £250 million ($462.5 million) a year.

NTL, soon to rebrand as Virgin TV following the merger with Telewest, is expected to announce the reductions to its 17,000-strong workforce today when it discloses first-quarter results.

Those affected are believed to be working at NTL’s head office, call center and marketing department.

It is likely some jobs will be outsourced to countries such as India, where labor costs are much lower.

NTL has $7.5 billion of debt.

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