Feeds

C&W to axe 600 jobs

Further restructuring

  • alert
  • submit to reddit

Intelligent flash storage arrays

Cable & Wireless is to axe 600 jobs in the UK and Europe as it continues to keep a tight control on costs. In a further shake-up, C&W announced today that it is closing its London head office and relocating to Bracknell.

It is also reorganising its UK business into four divisions - Enterprise, Business, Bulldog and Carrier Services - and creating a single unit to manage areas such as IT, purchasing, network and field operations.

Said chief exec Francesco Caio: "In total these reorganisations are expected to reduce headcount by around 600 across the UK and Continental Europe, subject to local consultation. We have now set the execution priorities for each of the new business segments and identified a clear path to significantly advance our competitive position in the UK by taking advantage of our network and the migration to broadband."

Caio also announced a shake-up of senior execs and confirmed that he would be taking "direct operational control of the UK business".

Part of that will include the development of C&W's local loop unbundling (LLU) programme which is being led by Bulldog, the broadband ISP it bought in May for £18m. Even though rival operator Energis branded LLU "uneconomic" this week, C&W is ploughing ahead and expects to have installed its kit in as many as 400 exchanges by summer next year.

It forecasts Bulldog's broadband strategy will generate £250m in revenues within the next four years. At the moment, that appears some way off. In the four months to the end of September since Bulldog was snapped up by C&W it generated revenues of £4m and a pre-tax loss of £5m.

Group turnover for the six months to September end fell from £1.73bn last year to £1.62bn, while pre-tax profit edged up to £199m from £185m. ®

Related stories

LLU is 'uneconomic', says Energis
C&W flogs Japanese biz
C&W to throw £85m at LLU
C&W boss urged to help free jailed Net users in Maldives
C&W moots more UK acquisitions
Cable & Wireless is not 'down and out'
C&W buys Bulldog

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.