Feeds

The axe falls at mmO2

Major job cuts

  • alert
  • submit to reddit

Top 10 endpoint backup mistakes

mm02 is to cut 1,900 jobs in the UK and Germany in a major restructure. It will cost £110m this year to implement the plan which is expected to produce annual savings of £70m.

In the UK, the mobile network operator is to close 133 of its 320 outlets and will implement job cuts throughout the back office functions. The company says it will make 1,400 people redundant, leaving it with 6,100 staff, in the UK in the next financial year. In its announcement it refers to the 'permanent workforce' - the inference we draw is that there will also be significant scaling back of contractors and temporary staff.

In Germany, mmO2 will cut staff levels at subsidiary VIAG Interkom by 500, leaving it with 3,400 employees in the country. An unspecified number of shops will be closed, and management will be streamlined to "enhance customer responsiveness and optimise cost efficiencies".

In the current financial year, 250 staff have gone from BT Cellnet and 400 jobs have been axed at VIAG Interkom.

mm02 also operates in the Netherlands and Ireland, through Telfort Mobiel and Digifone brands. The company intends to rebrand all its networks under the 02 banner. ®

A new approach to endpoint data protection

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?