BT to restructure operations, cut 4,000 jobs

BT says it will cut 4,000 jobs form its global services unit, taking a restructuring charge of 300 million pounds.

BT, Britain’s biggest telecoms group, is on a restructuring drive to cut costs and save save in total around £300m over two years.

Reuters photo

Reporting fourth-quarter revenue of 6.12 billion pounds, up 10%, and adjusted earnings of 2.07 billion pounds, up 2% and broadly in line with forecasts, the company said it had had a “challenging year”.

It said it would cut 4,000 jobs form its global services unit, taking a restructuring charge of 300 million pounds.