Directory giant Yell is to axe 1,300 jobs – including up to 350 in the UK – over the next 10 months as the global economic crisis continues.
The Yellow Pages publisher is to reduce its headcount across all divisions as part of plans to cut costs by £100m by March 2010, according to reports.
Chief executive John Condron said in yesterday’s half-year report: “Global economic trends show no sign of improving therefore, we are actively working on further cost reduction programmes that will primarily benefit next year.”
The cull means Yell is likely to be left with about 12,600 staff by autumn 2009. It has offices across the UK, although it is unclear which sites are likely to be hardest hit.
Meanwhile, communications company Virgin Media is set to slash 2,000 UK jobs.
However, the firm insisted the losses were not linked to the economic crisis, but were the result of a review of the business.
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