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BT cuts off 10,000 jobs

Thu 13 Nov 2008

BT is to cut 10,000 jobs, leaving thousands of UK workers out of a job.

The company has already reduced staff levels by 4,000 and will further lessen its workforce by 6,000.

Chief executive Ian Livingstone announced the company's second quarter and half-year results recently.

He said: "We continue to expect BT group revenue to grow for the full year. However because of the reduction in profitability in BT Global Services, group EBITDA2 is likely to show a small decline in the current financial year."

Despite the anticipated redundancies, BT is sure it can reduce the effect on its staff by not replacing workers who choose to leave.

"We are in a period of comprehensive consultation with our UK employees," it has announced.

"The aim of this review is to provide long term sustainability, flexibility and fairness."

BT is the world's oldest communications firm. It also owns the vast majority of the UK's telephone network.

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