VIRGIN Media O2 confirmed plans today to axe thousands of jobs in Britain under aims to slash £800 million worth of costs a year by 2029.The telecoms giant said the bulk of the cost savings, about £300m, will come from job cuts among its 16,000-strong workforce in Britain.And the company aims to reduce its staff costs by around 30 per cent as it battles intense competition and a mounting debt pile.Virgin did not confirm how many roles will go, but said most of those affected would not be customer facing.

VIRGIN Media O2 confirmed plans today to axe thousands of jobs in Britain under aims to slash £800 million worth of costs a year by 2029.

The telecoms giant said the bulk of the cost savings, about £300m, will come from job cuts among its 16,000-strong workforce in Britain.

And the company aims to reduce its staff costs by around 30 per cent as it battles intense competition and a mounting debt pile.

Virgin did not confirm how many roles will go, but said most of those affected would not be customer facing.

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