BT is set to announce this week that 35,000 jobs have been lost as it tries to return to profitability, reports The Sunday Telegraph. British Telecom had promised to cut 15,000 jobs this year in addition to the 15,000 jobs cut in 2008.
However, BT is set to announce that it’s actually exceeded its target of 30,000 and cut an extra 5,000 jobs. It’s thought that most of the jobs lost were in the UK but most of them were either agency or temporary jobs.
It’s thought that BT is also hoping to cut another 5,000 jobs this year and if it manages to do this then BT’s workforce will have fallen from 162,000 to 122,000. In the year to April BT is expected to have made savings of £2bn.
BT is expected to reveal the news on Thursday when its pre tax profits are expected to be announced as in the region of £1bn and £1.1bn. This comes after a loss of £134m last year. It’s also thought BT will issue an update on its plans to connect 10m homes to superfast broadband by 2012.
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Source: The Sunday Telegraph
