Feeds

C&W preps massive job cuts

Over-Capacity

  • alert
  • submit to reddit

Internet Security Threat Report 2014

ComputerWire: IT Industry Intelligence

Another huge round of job cuts is expected at Cable & Wireless Plc after the London, UK-based carrier asked trade unions for a meeting within the next three weeks. With revenue on the slide and shares that have lost two-thirds of their value in the past year, cost-cutting remains the only route to an improved performance.

An official of the Communications Workers Union told Reuters that employees were worried about another round of lay-offs though the company refused to comment ahead of the meeting. C&W currently has a workforce of around 25,000, half of whom work in its global operations, with the remainder at its regional telecoms unit.

Even though the workforce at global has been cut by 8,000 since December 2000, analysts are predicting that another 2,000 to 3,000 jobs could go there, particularly since the company plans to stop offering services to smaller, more labor-intensive customers.

Earlier this month, C&W said it expected second-half revenue in its global business to decline by about 6%, and that it was suffering from ruthless price-cutting in a sector itself suffering from considerable over-capacity.

© ComputerWire

Choosing a cloud hosting partner with confidence

More from The Register

next story
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.