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Monday 31st of January 2011
January 26, 2011    

Talk Talk to axe 13% of workforce

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by Kay Murchie

Telecoms company Talk Talk has today announced plans to axe 580 administration jobs as part of a major restructure.

The job losses, which represent 13% of its UK workforce of 4,500, are due to overlap within the company after acquiring three separate businesses via acquisitions, which includes Tiscali last year.

“This has created a level of duplication, and it is now time to address that,” said chief executive Dido Harding.

The job losses will affect staff in London, Warrington, south Manchester and Preston.

In other news today, banking giant Barclays has announced it will axe 1,000 jobs as it ceases to offer financial planning advice in its branches.

The job cuts will take place countrywide from February 18 as the bank focuses its investment service online.

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