HUNDREDS of workers at a north Hampshire cable giant are facing the axe after Virgin Media announced it is to shed more than 2,000 jobs.

The company, which is based in Bartley Wood Business Park, Bartley Way, Hook, said the job cuts are part of a massive restructuring plan.

Virgin Media said it was not start cutting jobs until the fourth quarter of next year, and the majority of the role reductions would take place before the end of 2010.

The cable group has 76 offices throughout the UK and said it was not clear at this stage which department would be affected by the changes.

The job losses - which make up about 15 per cent of Virgin Media's workforce - form part of annual cost savings of more than £120m by 2012.

Neil Berkett, chief executive of Virgin Media, said: "We recognise that this brings with it significant uncertainty for our people and the communities where they work. Throughout the process, we will be communicating as early and openly as we can."The group added it would look to avoid redundancies and offer staff alternative roles where possible.

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