{
  "id": 17957906,
  "title": "VMO2 announces a cost adjustment of 936 million until 2029 with thousands of layoffs",
  "url": "https://urgent.news/2026/11/03/vmo2-anuncia-un-ajuste-de-costes-de-936-millones-hasta-2029-con-miles",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-03T08:43:21.000Z",
  "source": {
    "name": "El Pais Economia",
    "slug": "el-pais-economia",
    "url": "https://cincodias.elpais.com/companias/2026-11-03/vmo2-anuncia-un-ajuste-de-costes-de-mas-de-900-millones-hasta-2029.html"
  },
  "original_language": "es",
  "account": "Virgin Media O2 has announced a major transformation plan to cut costs and regain growth in the competitive UK telecommunications market. The company, owned by Telefónica and Liberty Global, aims to achieve annual savings of £800 million by 2029. Approximately £400 million in savings will be achieved by 2027 and £600 million by 2028. The plan involves reducing staff, cutting fibre investments, and changes to its leadership structure, among other measures.",
  "summary": "The British operator owned by Telefónica is considering cutting labor costs by 30%, halting fiber investments, and simplifying its structure.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Expansion ES",
        "title": "VMO2 prepares thousands of layoffs to save costs",
        "url": "https://urgent.news/2026/10/31/vmo2-prepara-miles-de-despidos-para-ahorrar-costes",
        "published": "2026-10-31T12:01:40.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}