British Telecom to Cut 5,200 More Jobs
Associated Press
British Telecommunications said it will cut 5,200 more jobs from its retail business as part of an effort to trim costs and boost productivity.
The jobs, which represent 4.6% of BT’s work force, are to be eliminated through voluntary means and not layoffs, the company said.
BT, once a state-run monopoly, has had difficulty adjusting to an increasingly competitive market. BT already has shed 7,900 jobs in its retail business. The new job cuts are expected to save BT $1.21 billion over the next three years.
