Cable & Wireless plans 50% cut in workforce

Britain's second largest telecom company Cable & Wireless will reduce its manpower in half within five years, as part of a major reorganization effort, an Associated Press report said.


The report said C&W planned to cut its staff from the current 5,500 to between 2,500 and 3,500 as it concentrates on fewer and larger corporate customers, while reducing the complexity in its products and systems.


The report also said the company planned to reduce its customer base from about 30,000 customers to only about 3,000 large corporate customers and public institutions.


C&W had undergone significant restructuring over the past two years after pulling back from a 9-billion-pound ($16.4-billion) plan to become a global carrier for large businesses, earlier reports said.