By Archibald Preuschat

Liberty Global PLC's German subsidiary Unitymedia said it plans job cuts to improve efficiency and free funds to invest in its business.

Unitymedia Chief Executive Lutz Schueler said 450 to 500 jobs would be affected by the restructuring, but the payroll would shrink by a smaller number because the company is hiring at the same time. The television and Internet cable operator--one of the largest in Germany--has 2,700 staff.

Unitymedia wants to increase Internet subscriptions and business customers and accelerate the expansion of its network, said Mr. Schueler.

Write to Archibald Preuschat at archibald.preuschat@wsj.com

(END) Dow Jones Newswires

May 10, 2016 13:09 ET (17:09 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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