EMCC European Monitoring Centre on Change

BT

Company/Organisation:
BT

Geographic Location

Country: World
Location of affected unit(s): worldwide

Company

Sector: Information / communication
Telecommunications
61 - Telecommunications

Employment Effects

Announcement Date: 11-05-2017
Planned Job Reductions min: 4000
Type of Restructuring: Internal restructuring
Employment Effect Start: 11-05-2017
Foreseen End Date: 11-05-2019
Direct Dismissals: 4000

Additional Information

British telecommunications company BT has announced plans to cut 4000 jobs worldwide over the next two years. The restructuring plan is the result of the 19% fall in profits to £440 million (€470 million). As a consequence of the big decline in annual profits, the company's chief executive and former finance director will lose their annual bonuses. 

The cuts will be spread across Global Services, Technology, Service and Operation division and Group Functions. Managerial and back-office roles will be the positions mostly affected.

 The company has operations in around 180 countries with more than 102,000 employees.