Socialist Worker

BT to cut 5,000 more jobs

Issue No. 2201

BT bosses are planning to sack a further 5,000 workers.

BT financial director Tony Chanmugam, described by the Sunday Telegraph as a “respected cost-cutter”, has already cut BT’s workforce from 162,000 to 127,000.

BT wants to save £2 billion next year, despite announcing full-year pre-tax profits of around £1.1 billion compared with a £134 million loss a year ago.

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Tue 11 May 2010, 17:13 BST
Issue No. 2201
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