Bt Set to Announce Management Job Cuts

Summary


THOUSANDS of management posts are at risk at telecoms giant BT as new technology and increased competition forces the industry to cut costs.

The company is believed to be preparing to announce the job cuts on Thursday alongside its half-year results, which analysts expect will show underlying earnings of more than GBP 1.4 billion. BT's workforce has shrunk from 250,000 to 107,000 in recent years, although the cuts have been achieved through voluntary redundancies.

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Bt Set to Announce Management Job Cuts

The firm is confident i...

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