Liberty Global offers voluntary redundancy to over a third of staff, FT reports

Liberty Global (LBTYA) (LBTYK) is offering voluntary redundancy to over a third of its workforce and intends to sell one of its two private aircraft, the Financial Times’ Kieran Smith reports. The business, which holds a 50% stake of Virgin Media O2, offered the voluntary packages last month to about 800 of its 1,900 direct staff, the author says, citing a person familiar with the matter. The redundancies will occur across the company’s offices in London, Denver, and Amsterdam, the author notes.