News - BT to axe 15,000 more staff as losses mount

[HEXUS]

The Global Services division continues to haemorrhage money as BT reveals annual loss.

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[DeludedGuy]

15,000 staff to be axed in the UK or globally? Or does that mean they will axe 15,000 UK jobs and employ 5,000 staff in India to cut costs?

I would love to get more details on this.

[Scott B]

15,000 staff to be axed in the UK or globally? Or does that mean they will axe 15,000 UK jobs and employ 5,000 staff in India to cut costs?

I would love to get more details on this.

This is the section that addresses job losses in the press release: "As part of the cost savings initiatives we have reduced the number of full time employees by around 5,000. In addition to this, the number of indirect employees working through agencies or third party contractors was reduced by around 10,000, giving a reduction in our total labour resource of some 15,000 in the year. We expect further reductions of a similar level next year. We have sought to retain our permanent workforce through redeployment and re-training."

Not much help regarding the UK I know.