Cable & Wireless (C&W) will cut up to 3,000 jobs over the next five years as part of a restructuring of its domestic business that will see it cut its customer base by 90 per cent to 3,000.
The job cuts will halve the workforce at the British telecoms company, which provides fixed and mobile voice, data, Internet Protocol and broadband services to business and residential customers, as well as services to other telecoms companies.
In January, C&W issued a profit warning for 2006/07 at its British business and unveiled plans to split into two business units as a result of which chief executive Francesco Caio will leave at the end of March.