The Channel logo

News

By | John Oates 12th March 2010 15:21

Virgin contractors grip up for more cuts

Another 15 per cent off

Virgin Media contractors earning more than £300 a day have been told to accept a 15 per cent cut in rates or leave the company.

Virgin lopped ten per cent off day rates last year - when such a policy was widespread and usually spun as a way to avoid job cuts. But with the first signs of economic improvement many contractors felt the market was starting to improve.

The cuts will bite from 5 April and will hit 400 staff. They've been rumoured for some time on contractor message boards.

A spokesman for Virgin Media said: "We regularly review the arrangements we have with suppliers to ensure we are getting the best value from these relationships."

Cutting contractor rates was a common strategy for dealing with the recession, especially for financial firms. ®

comment icon Read 26 comments on this article alert Send corrections

Opinion

Walking on water, image via Shutterstock

Chris Mellor

IDC stats reveal who's who in the backup appliance bearpit
Carry on Cleo

Gavin Clarke

Infamy, infamy, Amazon and Microsoft have all got it in for me!

Tim Anderson

Also signals stronger cross-platform tools, access to new markets

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers