Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

15,000 jobs
Number of planned job losses
Job loss
Announcement Date
18 May 2009
Employment effect (start)
Foreseen end date
31 December 2010

Description

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.


Sources

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Citation

Eurofound (2009), British Telecom, Internal restructuring in World, factsheet number 68922, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68922.