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BT cuts almost 8,000 jobs amid sweeping cost-saving programme

By ChordNews · First written (updated )

BT cuts almost 8,000 jobs amid sweeping cost-saving programme
Image: theguardian.com
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Summary

BT has cut almost 8,000 jobs since the end of March as it pushes ahead with sweeping cost cuts across the business. The telecoms group said its workforce fell by 7,731 to 90,000, excluding staff in its international business, which is being spun out in a joint venture with the US telecoms company Verizon. It had a workforce, including contractors, of about 130,000 people two years ago. In its results for the six months to the end of September, BT reported £1.1bn pre-tax profit, and its share price touched a five-year high.

This continues an earlier story: Virgin Media O2 plans thousands of job cuts in £800m savings drive

Timeline

  1. The Guardian

    Source ↗

    The Guardian reports that BT has cut almost 8,000 jobs since the end of March, with its workforce down by 7,731 to 90,000 excluding its international business, alongside £1.1bn pre-tax profit for the six months to September and a share price at a five-year high.

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