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Originally Posted by Pierre
Sorry but you are very wrong there. Broadcast makes a nice "little" profit but no where near as much as Home. In fact only 18% compared to home.
Q2 2004 Results attached
http://www.ntl.com/locales/gb/en/inv...rts/2004-2.pdf
Broadcast is no longer viewed as a core business and is virtually noe already sepaerated from the company in all but name.
The money raised will improve the balance sheet of the company and increase cash flow for future investment possibilities.
It is a wise move, to raise further cash without borrowing.
Yes, there may be further redundancies in ntl. There are redundancies all the time. Nothing major. But the company is continually
re-organising and small numbers of redundancies will always happen.
As well as continual redundancies, there is also continual hiring of people also you know. But you don't get people on here complaining of that  |
Ok, I take your point but Business and Home are the divisions that dragged it all down, Broadcast has not borrowed beyond it's means to build networks, they already hada national network before CableTel bought them.
CableTel bought an asset when they bought ntl and turned it all into a mountain of debt.
I agree that the company is continually re-organising, thats the only constant thing in ntl "change" unfortunately change is rarely for the better. The latest redundancies announced are jobs that were created a few years ago when the company was making cuts, during the cuts they created a 400% increase in managers for network operations. this was a laughable fiasco at the time and its taken about 18 months - 2 years for them to now decide they have too many of them and not enough engineers in the field.
I agree they are advertising jobs, but take a look at the jobs advertised. Most are either callcentre where the industry has a constant turnover and a poor pay reputation, or they are office type jobs. ntl are not advertising any technical positions for people to get their hands dirty and sort out the problems, regions are crying out for more engineers and the guys at the top are advertising office based positions for csr's, tech support, fault management and teh odd project manager.
Theres nothing changing at the sharp end, and the sharp end is the guys visiting customers not the ones talking to them on the phone!