cable operator Telewest has announced plans to cut 1,500 jobs.
says the cuts are necessary to save up to £50m over the next 12 months.
executive Adam Singer said the layoffs were a necessary "but painful"
response to market conditions.
losses will cut 14 per cent from the company’s total workforce. Telewest said
it will then combine the consumer and business divisions to streamline the
cable operator NTL also ran into trouble recently. Both NTL and Telewest ran up
hefty debts while developing their networks, which deliver a cable TV, internet
access and phone lines.
is currently trying to broker a deal to keep afloat.