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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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Northern Ireland WeatherToday:The day will be very windy with strong to gale force westerly winds becoming occasionally severe along the north coast. Sunny spells will be interspersed with scattered showers. Maximum temperature 8 °C.Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
