Feeds

The axe falls at mmO2

Major job cuts

  • alert
  • submit to reddit

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.