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Telefónica and its UK partner open the door to a workforce adjustment at Virgin Media O2

El CEO de Liberty Global admite que la reestructuración es una “opción realista” para mejorar la situación financiera

Translated from Spanish Read in Spanish

Telefónica and its UK partner open the door to a workforce adjustment at Virgin Media O2

Telefónica and its partner Liberty Global have opened the door to undertaking a cost reduction plan at Virgin Media O2 (VMO2), their joint operator in the UK, which may include a workforce adjustment similar to that recently announced by Telefónica in Germany for 1,100 workers. Liberty Global's CEO, Mike Fries, acknowledged to analysts that a restructuring of this type is a "very realistic option" within the planning process that the company is carrying out to increase cash flow and reduce debt. The parent group has declined to comment on this information.

Translated by urgent.news. Machine-written — may contain errors; check the original before relying on it.

Read the original at cincodias.elpais.com →

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