Tom Mockridge, Virgin Media's chief executive, announced the company plans to "completely exit" one of its main bases by next year to centralise its sites in Manchester. The company's Swansea site, which employs a total of 552 staff workers and 220 sub contractors, is set to be completely closed down. Mr Mockridge said the telecommunications company planned to vacate their base in Swansea by 2019, explaining that the shift to Manchester was done in order to reduce the number of regional hubs from eight to four. He said: "We are now working with and supporting all employees who have been asked to relocate, who may be in a role at risk of redundancy or who may wish to take another role with Virgin Media or one of our partners."