UK telecoms giant BT axes 13,000 jobs

May 10, 2018
BT will shed 13,000 jobs over the next three years as it seeks to slice off an extra £1.5 billion in costs

British telecoms and television broadcasting company BT announced Thursday that it will axe 13,000 jobs in administration and management.

BT said in a statement alongside its annual results that it will shed the over the next three years as it seeks to slice off an extra £1.5 billion ($2.0 billion, 1.7 billion euros) in costs.

The latest revamp will mainly affect back office jobs, or support positions that tend to be based outside London, and middle management roles.

It will however seek to hire around 6,000 new employees for customer services and network deployment.

The London-listed giant also plans to exit its global headquarters near St Paul's Cathedral in London's City finance district.

BT, which possesses Britain's leading fixed-line and mobile access networks, has in recent years launched a costly push into broadcasting live Premier League football matches.

"Our integration and restructuring activities remain on track," said chief executive Gavin Patterson.

"Our strategy will drive sustainable growth in value by focusing on delivering differentiated customer experiences, investing in integrated leadership, and transforming our operating model."

Thursday's latest announcement is part of an ongoing overhaul, under which it had already axed 4,000 jobs last year.

BT had a total of 106,400 employees according to its most recent 2017 annual report.

Explore further: BT shares tumble on sliding sales

Related Stories

BT shares tumble on sliding sales

February 2, 2018

Shares in British telecoms and television broadcasting company BT slumped Friday to a five-year low on news of shrinking quarterly revenue.

Amazon primed to hire 2,000 new employees in France

February 15, 2018

US online shopping giant Amazon said Thursday it plans to create 2,000 permanent full-time jobs in France this year as consumers are making more and more of their purchases via the internet.

Turner Broadcasting cutting 1,475 jobs

October 6, 2014

Turner Broadcasting, the parent of the CNN, TBS and TNT networks, is eliminating about 1,475 jobs, or about 10 percent of its total employees.

Ericsson cuts 3,000 jobs in Sweden, reduces operations

October 4, 2016

Ericsson said Tuesday it will cut 3,000 jobs in Sweden, or nearly 20 percent of its local workforce, and will downsize operations at several plants as part of its global plan to cut costs by 9 billion kronor ($1 billion) ...

Recommended for you

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.