EMCC European Monitoring Centre on Change

British Telecom

Company/Organisation:
British Telecom

Geographic Location

Country: World

Company

Sector: Information / communication
Telecommunications
61 - Telecommunications
Number Employed: 160000
Group: BT

Employment Effects

Announcement Date: 18-05-2009
Planned Job Reductions min: 15000
Planned Job Reductions max: 15000
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2010

Additional Information

BT Group, one of the world´s leading telecommunication providers, has announced that it will reduce the number of employees worldwide by around 15, 000 in 2010. The decision is part of cost savings initiatives following the net financial loss of GBP 977 million in the first quarter of 2009. BT Group is operating in more than 170 countries and employs about 160,000 people.