Thread: Liberty identifies $1bn cost savings
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Old 06-08-2015, 11:52   #1
1andrew1
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Liberty identifies $1bn cost savings
Quote:
The Times Liberty Global, which owns Virgin Media as well as cable networks in the Netherlands, Ireland and Germany, said that it had initiated an efficiency programme that has identified $1 billion of savings that can be reinvested to boost growth.
A spokesman for the US company, which has been linked with a takeover or asset swap with Vodafone, declined to say whether the plan would hit jobs in the UK. It would be the second round of cuts since Tom Mockridge was appointed chief executive of Virgin Media and 600 senior posts were cut in 2013.
http://www.thetimes.co.uk/tto/busine...cle4518592.ece
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