Hull telecoms provider KCOM set to axe 80 jobs
by Clare Burnett
Hull-based telecoms provider KCOM Group is set to axe around 80 jobs after warning that its overall revenue performance was “challenged in some activities.”
This comes after disappointing results for the firm, which reported a dip in pretax profit and revenue.
Revenue decreased to £173 million from £185 million in the same 6 month period ending September 30.
Pretax profit dipped to £23.6 million compared to £25.7 last year.
The job cuts will account for around 10% of the staff that support the KCom brand across its offices in Hull, Wakefield, Brighton, London and Hemel Hempstead according to The Yorkshire Post.
A company spokesman confirmed that the cuts would occur across a range of roles in multiple locations.
KCom managing director Stephen Long said the restructuring “reflects KCom’s quest for more annuity-based managed services contracts that run over a number of years”.
“At KCom, we’ve been implementing new ways of working designed to support our focus on the provision of longer-term, annuity-based managed services in the enterprise market.
“We’ve been simplifying our business, reducing the time and resources we have associated with volume-based activities and re-sized the organisation for the level and type of customer activity we are anticipating.
“Sadly, this has meant reducing the number of roles we currently have. We are working closely with those employees affected by these changes, including looking for other opportunities elsewhere in the KCom Group.”
Bill Halbert, the chief executive, said the group was moving towards an integrated business structure.
He added: “The group continues to make progress in terms of its strategic objectives, in spite of overall revenue performance continuing to be challenged in some specific activities.
“We’re particularly pleased with the overall performance in KC brand, most notably in the consumer channel. Fibre services continue to see strong levels of uptake, well above the UK average.”