British Telecom

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications
10,000 jobs
Number of planned job losses
Job loss
Announcement Date
14 November 2008
Employment effect (start)
Foreseen end date
31 March 2009

Description

BT, a British telecom company with operations in 170 countries, is to cut 10,000 jobs from its worldwide workforce by March 2009. The cuts follow a decline in pre-tax profits and are part of wider cost-cutting measures. The posts affected by the restructuring concern agency and contract staff, including offshore workers. It is expected that about 4,000 of the losses will come from BT's 110,000 direct employees, while the remaining 6,000 will come the company's 50,000 contractors. BT has 160,000 employees worldwide of whom about 90,000 are in the UK.

Sources

  • 14 November 2008: The Guardian
  • 13 November 2008: BBC News

Citation

Eurofound (2008), British Telecom, Internal restructuring in World, factsheet number 67379, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67379.