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Originally Posted by Pierre
Apparently, the cock up that was made in the Broadcast Division last year has played a part in this.
Due to a cock up with the met police contract £25m was wiped off ntls revenues last year. Evden though ntl have now sold Broadcast, £25m has still been wiped off ntls bottom line for 2004 and they have been under a lot of pressure from the institutions to recoup the loss as much as possible. (That's what I was told anyway)
The problem is, it is accountants calling the shots.
The problem with bean counters is.... They can only count beans.
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I do really feel for the guys, the region that I commented on are loosing 3 of 16 guys. I can say that I personally know every single one of them, and the ones that were made redundant in the stealth redundancies over the last couple of years, including one that commited suicide shortly after loosing his job.