CK Hutchison Cuts 280 Jobs at U.K. Carrier Three

(Bloomberg) — CK Hutchison Holdings Ltd. is cutting about 280 jobs at British phone company Three under new Chief Executive Officer Robert Finnegan.



a group of people walking on a sidewalk: Pedestrians walk past an O2 mobile phone store, operated by Telefonica SA, left, and a Three mobile phone store, operated by Hutchison Whampoa Ltd., in Basildon, U.K., on Thursday, March 26, 2015. Li Ka-shing's Hutchison Whampoa agreed to acquire Telefonica's O2 unit, creating Britain's biggest wireless provider by customers and marking a milestone in the billionaire's efforts to remake the Hong Kong conglomerate.


© Photographer: Bloomberg/Bloomberg
Pedestrians walk past an O2 mobile phone store, operated by Telefonica SA, left, and a Three mobile phone store, operated by Hutchison Whampoa Ltd., in Basildon, U.K., on Thursday, March 26, 2015. Li Ka-shing’s Hutchison Whampoa agreed to acquire Telefonica’s O2 unit, creating Britain’s biggest wireless provider by customers and marking a milestone in the billionaire’s efforts to remake the Hong Kong conglomerate.

The decision mainly affects head office staff in the U.K. and represents a roughly 7% reduction to the company’s 4,300 staff, a spokeswoman for Three said in response to questions.

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“As part of our ongoing transformation, we are consulting on changes to make our business the right size to serve our customers’ needs and drive greater alignment between the

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