Annual pre-tax profits fall at BT as worldwide redundancies announced

BT is to shed 4,000 jobs worldwide over the next two years and is stripping the chief executive of his annual bonus.

The job cuts would fall on back-office and managerial sectors as it simplifies its Global Services operations.

The move follows an accounting scandal at the Italian part of Global Services that cost BT more than £500m.

The announcements came as BT disclosed that its annual pre-tax profits fell 19% to £2.35bn in the year to March.

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John Porter

John has been with Wrigley Claydon for over 20 years, becoming a partner in 1995. Specialising in Employment Law, John helps clients with matters including the preparation of recruitment policies and employment contracts as well as advocating in employment tribunals in cases of unfair dismissal or discrimination. He also has considerable experience of dealing with landlord and tenant disputes and matters relating to business and company sales, commercial investment property transactions and lettings as well as residential estate and offshore property developments. “I know I’ve done a good job when the business doesn’t need me!” John is never happier than when spending time with his wife and 2 children, Lucy and Alex. John is Chair of Respect Our Community Awards (ROCA) and a board member of First Choice Homes Oldham. In his spare time, John is likely to be found either reading, cooking or walking Donnie the Golden Retriever.