British Telecom to cut 10,000 jobs

Veröffentlicht: 13 November 2008
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The British telecoms giant BT announced it was cutting 10,000 jobs seeking to revive profit growth. The company said that the majority of the job cuts would be among agency workers, sub-contractors and offshore staff, including those based in India. About 4,000 jobs will be cut directly from BT’s own worldwide staff of 112,000 employees and a further 6,000 to go between now and March.

The jobs announcement came as BT announced an 11 per cent fall in second quarter pre-tax profits to £590 million. Revenues were 4 per cent higher at £5.3 billion.

According to Ian Livingston, BT’s chief executive, 7,000 workers left the firm every year so there would not be any compulsory redundancies in the latest round of cuts.

Union leaders expressed shock at the scale of the cutback and warned they would resist any moves to make compulsory redundancies.