British Telecom to Cut 5,200 More Jobs
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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.
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