Cable & Wireless plans to halve its workforce

Telecoms group Cable & Wireless will be cutting up to 3,000 jobs in the UK over the next five years.

The move is part of a restructuring plan unveiled by the company as it refocuses its UK operations to concentrate on fewer but larger business customers.

The revamp also aims to cut C&W’s customer base from 30,000 to 3,000.

C&W currently employs more than 5,500 people in the UK. The company said it would be reducing its UK workforce to between 2,500 and 3,500 over the next four to five years. About 350 jobs will be cut during the current financial year.

C&W said that by concentrating on fewer, larger customers and reducing complexity in its products, systems and processes, it aims to set new standards for customers’ service experience while reducing costs.

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