Telewest cuts 1,000 jobs

Cable company, Telewest has announced that it is to lay off 1,000 jobs and dramatically reduce its capital expenditure as part of restructuring moves.

Telewest cuts 1,000 jobs

Cable company, Telewest has announced that it is to lay off 1,000 jobs and dramatically reduce its capital expenditure as part of restructuring moves.

The moves come as the company prepares to sell off its 17% stake in media company, SMG, a deal set to be in the form of a debt-for-equity swap.

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