Telecoms giant BT - which has office in Doncaster - to axe around 13, 000 jobs

Telecoms giant BT is to cut 13, 000 jobs over three years as it seeks to slim down its management and back-office roles.

By The Newsroom
Thursday, 10 May, 2018, 08:08
BT.

The company said the job cuts and other measures would help it achieve a cost reduction of £1.5 billion.

BT also announced 6, 000 new employees would be hired "to support network deployment and customer service."

The company intends to move its headquarters out of central London to a site yet to be announced.

In a statement, BT said it was responding to changes in the telecoms market, including "increasing competitive intensity from established companies and new entrants.

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"It is critical that BT transforms its operating model to build a lean and agile organisation that delivers sustained improvement in customer experience and productivity."

The firm also announced a 13-year plan to plug its £11.3bn pension fund deficit, including regular payments into the scheme and a bond issue.