Tiscali UK job cuts loom after Homechoice acquisition
LONDON - Tiscali's UK operations are facing major job cuts as part of its £60m acquisition of Homechoice, with more than 300 jobs expected to be lost.
The Italian broadband giant is expected to shed around 340 staff -- around 40% of its UK workforce -- in its UK customer operations and sales divisions, following the company's merger with video-on-demand company Homechoice.
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Tiscali UK, the country's third largest broadband company, said it is currently undergoing a consultation period, but "is not discussing numbers [of job cuts]".
A spokesperson for the company told Brand Republic: "There is some overlap in functions [with Homechoice] and therefore we have begun the process of consulting with employees who are affected."
It is understood that the combined workforce of the two companies will be around 480 once the merger is completed.
Tiscali UK acquired Homechoice for around £60m in August, allowing it to launch a "triple-play" internet TV, broadband and fixed-line phone offer to customers by the end of 2006.
The deal gives Homechoice's parent company Video Networks an 11.5% stake in Tiscali UK, which could rise to 20%, depending on whether performance targets are met.
The Homechoice merger is expected to increase Tiscali's broadband customer base to 1.3m.
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Tiscali: jobs cuts
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