Telecoms giant TalkTalk is shifting its headquarters from London to Salford, with hundreds of staff being relocated to the existing northern site.
The group said transferring its main office out of London was ‘part of its strategy to simplify its operations.’
The firm added it would start hiring for new posts in Salford next year, including graduate and apprenticeship roles.
New home: Telecoms giant TalkTalk is shifting its headquarters from London to Salford, pictured
Around 500 staff work in the London headquarters and all will be given the opportunity to relocate, although TalkTalk will be retaining a small satellite office in London with around 50 staff.
Tristia Harrison, Chief Executive of TalkTalk said: ‘We’re excited to be moving our headquarters to Salford. We’ve always had a base in the north west, but we want to build on that heritage and create a world-class campus for the whole business.
‘As with any change, we are committed to supporting all of our colleagues during this transition period.
‘Bringing all of our teams together will make us a simpler business, where it’s easier for teams to work together and deliver the very best service for customers.’
Salford City Mayor Paul Dennett said: ‘TalkTalk relocating their headquarters and executive team here and creating hundreds of new, high quality, technical, digital jobs speaks volumes for the success of our investment in a digital future.’
The Salford site replaced previous offices in the North West of England in Warrington and Irlam.
Rebecca Long Bailey, MP for Salford and Eccles added: ‘Following the success stories of leading businesses moving to Salford, it’s great to hear the news that TalkTalk will be doing the same in moving their headquarters to the city from London. By linking up with the company’s technology and business office which opened in Salford in 2017, I hope the move will open up opportunities for Salford residents.
‘This announcement provides further evidence that businesses can find success and growth outside of London, provide investment to the area, and job opportunities for people here in Salford.’
The FTSE 250 firm’s share price is down 3.6 per cent or 4.35p to 116.35p.
Share price: The FTSE 250 firm’s share price is down 3.60 per cent or 4.35p to 116.35p
TalkTalk also posted its half-year results today and reported pre-tax losses narrowing to £4million in the six months to 30 September, down from £95million a year earlier.
Interim underlying earnings rose to £101million, up from £75million a year ago. The group saw a slowdown in growth in broadband customers, with its overall broadband base increasing by 24,000 in the second quarter against 80,000 in the previous three months.
Fibre customer additions on a net basis – those joining less those leaving – rise to 125,000 in the second quarter, up from 67,000 in the previous three months.
The group’s first half dividend was ‘in line with existing policy at 1.00p’, compared to 2.50p a share at the same point a year earlier.
TALKTALK HACKERS JAILED
Earlier this week, two ‘extraordinarily talented’ hackers were jailed for their roles in a £77million TalkTalk cyber attack which hit 157,000 accounts and led to firm’s chief executive getting blackmail demands
Matthew Hanley, 23, broke into the site in 2015 and passed on stolen customer details to his 21-year-old friend Connor Allsopp, who then handed this on to another online user for fraud.
Judge Anuja Dhir QC, sitting at the Old Bailey, jailed Hanley for 12 months and Allsopp for eight months.