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)
- Motivational speaker loses battle for insurance to pay neighbours £530,000 over boundary dispute - 12th May 2023
- More than 900 people affected by Grenfell Tower fire settle claims - 19th April 2023
- Former Premier League player, Sylvan Ebanks-Blake, sues surgeon for ‘millions’ over ending his career - 20th March 2023
- Daughter tries to evict mother, 82, from £800k home for ‘shouting’ at her young daughter - 20th March 2023
- Paralysed rugby player who sued opponent for £10,000,000 over tackle wins compensation - 6th March 2023