Socialist Worker

BT profits at workers’ expense

Issue No. 2202

BT fuelled anger last week among the 60,000 workers it employs by announcing profits of £32 per second.

That’s £1 billion the bosses raked in from profits in the last 12 months while offering workers an insulting 2 percent pay rise – less than inflation. And it comes after a freeze on pensionable pay last year.

The workers’ CWU union is threatening to ballot for industrial action if the firm refuses to raise the offer.

The company had already sacked workers and slashed costs by £1.8 billion in the past year.

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Tue 18 May 2010, 17:44 BST
Issue No. 2202
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