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14/05/2009
BT To Axe 15,000 Jobs
Telecoms giant BT has announced it is to shed a further 15,000 jobs in the next 12 months.
The news follows the company’s reported annual loss of £134 million. The cuts are 5,000 more than originally expected.
BT said it aims to cut the jobs through natural wastage, non-replacement and voluntary redundancy, and it has no plans for compulsory lay-offs.
The firm added it would be making pension contributions of £525m in each of the next three years.
BT said it had worked very closely with its unions to ensure that alternative work is found for any members of staff who didn't volunteer for redundancy but who no longer had a position within the company.
More than 2,000 staff have been found alternative work within BT and the company said its voluntary approach was different from other companies who have recently laid off staff.
A spokesman for the company said: "Our aim is to work closely with the unions to reduce BT's total labour cost, of both direct and indirect staff, as this is critical to the success of the company going forward."
"Three out of four of BT's lines of business have performed well in spite of fierce competition and the global economic downturn," BT Chief Executive Ian Livingston said.
"However this achievement has been overshadowed by the unacceptable performance of BT Global Services and the resulting charges we have taken."
BT also revealed it was considering bringing back some work which has been outsourced to countries including India in recent years.
A programme of installing fibre broadband might be accelerated, which could create 1,000 jobs.
(JM/BMcC)
The news follows the company’s reported annual loss of £134 million. The cuts are 5,000 more than originally expected.
BT said it aims to cut the jobs through natural wastage, non-replacement and voluntary redundancy, and it has no plans for compulsory lay-offs.
The firm added it would be making pension contributions of £525m in each of the next three years.
BT said it had worked very closely with its unions to ensure that alternative work is found for any members of staff who didn't volunteer for redundancy but who no longer had a position within the company.
More than 2,000 staff have been found alternative work within BT and the company said its voluntary approach was different from other companies who have recently laid off staff.
A spokesman for the company said: "Our aim is to work closely with the unions to reduce BT's total labour cost, of both direct and indirect staff, as this is critical to the success of the company going forward."
"Three out of four of BT's lines of business have performed well in spite of fierce competition and the global economic downturn," BT Chief Executive Ian Livingston said.
"However this achievement has been overshadowed by the unacceptable performance of BT Global Services and the resulting charges we have taken."
BT also revealed it was considering bringing back some work which has been outsourced to countries including India in recent years.
A programme of installing fibre broadband might be accelerated, which could create 1,000 jobs.
(JM/BMcC)
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13 November 2008
BT Announce 10,000 Job Cuts
Telecommunications giant BT has announced it will slash 10,000 jobs, as the company faces the global economic downturn. The company, which said 4,000 jobs have already been axed, will shed a further 6,000 between now and March 2009. It is understood the majority of the posts will be agency and contract staff and offshore workers.
BT Announce 10,000 Job Cuts
Telecommunications giant BT has announced it will slash 10,000 jobs, as the company faces the global economic downturn. The company, which said 4,000 jobs have already been axed, will shed a further 6,000 between now and March 2009. It is understood the majority of the posts will be agency and contract staff and offshore workers.
13 March 2015
Staff At North Wales Bus Company Find Company Ceases Overnight
Employees of Western Greyhound in Cornwall have arrived at work this morning to find the company has ceased trading. According to a report by the BBC, around 40 staff arrived for work on Friday morning and found the depot closed.
Staff At North Wales Bus Company Find Company Ceases Overnight
Employees of Western Greyhound in Cornwall have arrived at work this morning to find the company has ceased trading. According to a report by the BBC, around 40 staff arrived for work on Friday morning and found the depot closed.
04 April 2003
Oftel calls for substantial cut in BT net charges
Prices for unmetered Internet access for consumers could fall under proposals from Oftel which would see BT cut prices. Oftel believes that BT should cut its wholesale charges by 17% because it is charging operators for certain call routing and call management measures that Oftel believes are "no longer technically necessary".
Oftel calls for substantial cut in BT net charges
Prices for unmetered Internet access for consumers could fall under proposals from Oftel which would see BT cut prices. Oftel believes that BT should cut its wholesale charges by 17% because it is charging operators for certain call routing and call management measures that Oftel believes are "no longer technically necessary".
25 March 2004
BT introduces 'simplified' pricing structure
BT is to abolish its standard rate for residential customers and introduce a "simpler range of low prices" as part of its "continuing strategy to make it easier for people to understand phone price comparisons and the value of what they get".
BT introduces 'simplified' pricing structure
BT is to abolish its standard rate for residential customers and introduce a "simpler range of low prices" as part of its "continuing strategy to make it easier for people to understand phone price comparisons and the value of what they get".
26 March 2004
CWU rejects increased BT pay offer
Following a recent meeting between negotiators from BT and the Communications Workers Union (CWU), which began with the union’s outright rejection of a tabled 1.5% pay offer, the union have today rejected BT’s increased 1.7% pay offer.
CWU rejects increased BT pay offer
Following a recent meeting between negotiators from BT and the Communications Workers Union (CWU), which began with the union’s outright rejection of a tabled 1.5% pay offer, the union have today rejected BT’s increased 1.7% pay offer.
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