BT has revealed plans to considerably cut back the variety of individuals working for the telecoms group as a part of efforts to chop prices and bolster profitability.
While outlining annual outcomes, the corporate stated it noticed its “total labour resource” being decreased from 130,000 to between 75,000 and 90,000 by the top of the last decade underneath a “rolling plan”.
It stated the numbers affected – 55,000 on the high estimate – included its personal staff and third-party contractors.
The firm added that the overall present workforce of 130,000 individuals included 30,000 non-staff.
It didn’t present a breakdown in its estimates of what number of direct staff can be affected by the cuts however BT hoped the discount may very well be accomplished principally via pure attrition quite than redundancy.
Chief Executive Philip Jansen stated that after its fibre roll-out is accomplished and digitising the way in which it labored, BT would depend on a a lot smaller workforce and considerably decreased value base by the top of the 2020s.
“New BT Group will be a leaner business with a brighter future,” he stated.
The Communication Workers Union (CWU), which launched a collection of strikes over pay at BT final 12 months till an settlement was struck in November, was but to offer its response.
The firm had warned final 12 months that main job losses had been probably because it grappled the affect of hovering, energy-driven, inflation.
Content Source: information.sky.com