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BT cut 8,000 jobs to slash costs, boosting profits and driving its share price to a five-year high.
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BT cuts almost 8,000 jobs amid sweeping cost-saving programme
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Telecoms group reports £1.1bn pre-tax profit in six months to end of September and share price touches five-year highBusiness live – latest updatesBT has cut almost 8,000 jobs from its workforce since the end of March, as it pushes ahead with sweeping cost cuts across the business.The telecoms group said its workforce had fallen by 7,731 to 90,000, excluding staff in its international business, which is being spun out in a joint venture with the US telecoms company Verizon. It had a workforce, including contractors, of about 130,000 people two years ago. Continue reading...
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