British Telephones to shed 10,000 more jobs: Report
British telecom giant BT is planning to shed a further 10,000 posts from its workforce, according to newspaper reports on Sunday.india Updated: Apr 12, 2009 23:15 IST
British telecom giant BT is planning to shed a further 10,000 posts from its workforce, according to newspaper reports on Sunday.
The job cuts come on top of around 10,000 jobs already culled, mainly among contract and temporary workers.
The Sunday Times, citing unnamed sources within the firm, said that the group would announce the redundancies along with planned cost cuttings at its annual report next month.
The paper said the firm was now at a low point since privatisation by Margaret Thatcher in 1984, with a pension deficit of around 8 billion pounds ($11.7 billion).
The company has a total workforce of around 160,000 in 170 countries, and will present its annual figures on May 14.
BT is preparing to write off around 1.5 billion pounds of losses from its Global Services division.