Welcome, Guest. Please login or register.

Author Topic: BT cuts 13,000 jobs to slash costs  (Read 219 times)

0 Members and 1 Guest are viewing this topic.

Offline Jay9

  • Full-Time Member
  • ****
  • Posts: 431
BT cuts 13,000 jobs to slash costs
« on: 10 May 2018, 11:09:38 »


BT is to cut 13,000 jobs over three years, about 12% of its workforce, as it seeks to slim down its management and back-office roles.

The telecoms giant said that the job cuts and other measures would help it to reduce costs by 1.5bn.

It added that it would be hiring about 6,000 employees to "support network deployment and customer service".

A third of the job reductions will come from outside the UK in its Global Services division.

Last year, BT was forced to write down the value of the Italian part of Global Services after an accounting scandal that cost the firm more than 500m.

The company also said it intended to move out of its existing central London headquarters and into smaller premises.

BT forecast a fall in revenue of about 2% for the 2018-19 financial year. It also said it was keeping its full-year dividend unchanged from last year at 15.4p a share and would freeze it for the next two years.

Shares in BT fell nearly 8% in early trading.

Philippa Childs, national secretary of the Prospect union, said the announcement was "a devastating blow to managers and professionals represented by Prospect".

She said Prospect had been working closely with BT on looking at the impact of organisational changes, but the number of job cuts sounded "unrealistic".

http://www.bbc.co.uk/news/business-44065422

Offline Roco

  • STAFF - Global Moderator
  • Super-Hero Member
  • ******
  • Posts: 2624
  • Gender: Male
Re: BT cuts 13,000 jobs to slash costs
« Reply #1 on: 12 May 2018, 21:22:02 »
intersting Jay 9 ,been that route with B.Gas cost cutting exercise, stranley there saving didn't reduce my bill , it went up  >:(  had a B.G smart meter problem (not working, blank sreen for5 days got told it happens some times  , we will phone you back ,( they never did ) I found the cure was  to move it next to the meter for 12 hours with the chargerlead through my letter box , ha ha smart meter

 

Powered by EzPortal