The latest cuts at the New York-listed firm come to appease investors as concerns grow that the debt-ridden cable company faces bankruptcy. If it went bankrupt it would be the world's largest firm to crash.
This year NTL's head count has already fallen from 21,000 to 15,000 and these additional job losses will push the headcount down to 13,000.
NTL is also trying to offload its broadcast transmission business, comprising 3,000 masts, for an estimated £1.5bn. The BBC, along with France Telecom and West LB, has been touted as a potential buyer, but a sale has yet to be agreed.
The company is also looking to sell its operations in Europe, which with the sale of its transmission business could go some way to reducing debt. The European operations come with a price tag of around £2bn, although analysts believe it is unlikely that NTL will get as much as this.
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