Menu
10/12/2001
Cable television company to halve workforce by 2002
Debt-ridden cable television company NTL have announced 4,000 jobs redundancies in its UK operation.
This figure includes the bringing forward of 2,000 jobs which were planned for 2002.
NTL have stepped up cost cutting measures as it seeks to restructure and streamline its UK operation. The measures implemented include pay freezes, a review of operating expenses and the pruning of all non-vital consultants and contractors.
Although burdened with a £12 billion of debts the company has said it is fully covered until 2003, and has implemented prudent cuts to allow more efficient operation.
In the past year the company has cut it workforce from almost 22,000 to under 17,000.
Following a round of company acquisitions, the latest round of rationalization cutbacks announced will halve the company’s workforce to 13,000 by next year. (SP)
This figure includes the bringing forward of 2,000 jobs which were planned for 2002.
NTL have stepped up cost cutting measures as it seeks to restructure and streamline its UK operation. The measures implemented include pay freezes, a review of operating expenses and the pruning of all non-vital consultants and contractors.
Although burdened with a £12 billion of debts the company has said it is fully covered until 2003, and has implemented prudent cuts to allow more efficient operation.
In the past year the company has cut it workforce from almost 22,000 to under 17,000.
Following a round of company acquisitions, the latest round of rationalization cutbacks announced will halve the company’s workforce to 13,000 by next year. (SP)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
24 June 2002
Bondholders may have NTL chief replaced
Barclay Knapp's reign at NTL could soon be over as bondholders are reported to have called in a top corporate headhunter to garner a replacement CEO at the troubled cable company. According to a report in The Sunday Telegraph, Miles Broadbent has been talking to a former executive at NTL's main rival Telewest to succeed Mr Knapp.
Bondholders may have NTL chief replaced
Barclay Knapp's reign at NTL could soon be over as bondholders are reported to have called in a top corporate headhunter to garner a replacement CEO at the troubled cable company. According to a report in The Sunday Telegraph, Miles Broadbent has been talking to a former executive at NTL's main rival Telewest to succeed Mr Knapp.
01 March 2006
Skilled workforce essential to compete in global economy
Developing a skilled workforce will be the key to Northern Ireland's economic development in the next 10 years. That was the message from Aideen McGinley, Permanent Secretary at the Department for Employment and Learning, when she met representatives of 40 local organisations who recently achieved the Investors in People standard.
Skilled workforce essential to compete in global economy
Developing a skilled workforce will be the key to Northern Ireland's economic development in the next 10 years. That was the message from Aideen McGinley, Permanent Secretary at the Department for Employment and Learning, when she met representatives of 40 local organisations who recently achieved the Investors in People standard.
20 December 2001
Barclays Bank appoint Spring as online recruitment specialists
Barclays Bank, one of the UK's largest financial services groups, have appointed IT recruitment specialist, Spring to manage the provision of IT and clerical contract and temporary staff.
Barclays Bank appoint Spring as online recruitment specialists
Barclays Bank, one of the UK's largest financial services groups, have appointed IT recruitment specialist, Spring to manage the provision of IT and clerical contract and temporary staff.
15 January 2002
Marconi could lay off 1,000 UK workers
Beleaguered telecoms manufacturer Marconi is to initiate a restructuring review that could see the company cut 1,000 jobs throughout its UK operations.
Marconi could lay off 1,000 UK workers
Beleaguered telecoms manufacturer Marconi is to initiate a restructuring review that could see the company cut 1,000 jobs throughout its UK operations.
23 September 2002
Holywood Road SPAR recognised as 'best company owned site'
The SPAR & Jet Filling Station on the Holywood Road has picked up the top accolade of 'Best Company Owned/Managed Site in Northern Ireland' at the Forecourt Trader of the Year Awards 2002.
Holywood Road SPAR recognised as 'best company owned site'
The SPAR & Jet Filling Station on the Holywood Road has picked up the top accolade of 'Best Company Owned/Managed Site in Northern Ireland' at the Forecourt Trader of the Year Awards 2002.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
