BT is to cut 13,000 jobs over three years, about 12% of its workforce. It said that the job cuts and other measures would help it to reduce costs by £1.5bn.
It added that it would be hiring about 6,000 employees to “support network deployment and customer service”.
A third of the job reductions will come from outside the UK in its Global Services division.
It also said it intended to move out of its existing central London headquarters and into smaller premises.
If you are considering a company merger, acquisition, takeover or joint venture or are in the midst of a shareholder dispute or share capital transaction or need business advice please contact us. Call 0161 624 6811 to speak to John Porter and Soibi Iketubosin in our Company/Commercial Department or email jap@wrigleyclaydon.com or si@wrigleyclaydon.com
Latest posts by Shalish Mehta (see all)
- Prince Harry Seeks Judicial Review Over UK Police Protection - 7th July 2022
- Apple faces £768m collective action for ‘throttling’ iPhones - 27th June 2022
- Over 6 million Britons involved in land disputes with neighbours - 27th June 2022
- Volkswagen agrees to pay £193 million to around 91,000 British drivers - 13th June 2022
- Jury in the USA rules against Amber heard in defamation suit brought by Johnny Depp - 9th June 2022