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Firstly let me add my voice of sympathy to those who will loose their jobs. I sufferred the same fate a few years ago and it was most unpleasant.
Regrettably these days, to most large companies, staff, offices and similar are, at the bottom line, numbers on a balance sheet to some accountant. What amazes me is the continual reinvention of the wheel with many companies, who will relocate, rationalise, amalgamate, or whatever strategy, to show a nominal saving on a balance sheet in three or four years time, despite the affect on morale.
Many companies realise that one of their prime assets is in fact their staff. It is their staff who provide a key resource, and the interface that enables customers to do business, and thus the company to earn money. For companies like ntl, who's physical assets lie in it's infrastructure, the accountants can only see staff as a cost, in the outgoing of wages, rather than income of fees.
Lastly, I have seen reference to criticism of ntl having owned the cardiff building and then sold it to a pension company. This is for many companies sound business practice as a means of raising capital, and placing the risk of ownership on others. It is practived by large and small corporations alike, many of them blue chip. If your business is not property ownership, why have your capital tied up in it, instead of being able to spend it on assets that increase your fundamental business, i.e in ntl's case, their networks.
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