Cable & Wireless predict more job losses

Cable
& Wireless said it may have to cut more jobs after revenue forecasts
dropped.

The
telecoms firm said it now expected first-half revenue at its global division to
drop by 6 per cent. It had predicted zero to 10 per cent growth.

A
company spokesman said: "It is likely there will be further job losses,
but we will consult and communicate any developments to employees first."

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C&W
employs 12,000 people at its global division – a large proportion of these are
based in the UK.

By Quentin Reade