British Telecom to cut 10,000 jobsNovember 14th, 2008 - 10:14 am ICT by Amrit Rashmisrisethi
The UK’s largest phone company, British Group revealed that in its second-quarter the net profit raised up to 18 per cent. The BT Group,is likely to cut 10,000 jobs by March 2009, mostly likely in Britain. BT joins other major British companies who have announced big cuts to their workforces. The BT Group may cut the offshore jobs but may impact its India outsourcing partners like Tech Mahindra, Tata Consultancy Services (TCS), Infosys, Wipro, and HCL Technologies.
BT told that the company in the past three months to September , its net profit totalled to 400 milllion pounds as sales rose 4.1 per cent to 5.3 billion pounds.
The company even told that its BT Retail, BT Wholesale and Openreach businesses were in line with or above the targets. Even though its international services were not sufficient enough and it was taking action to remedy the problems.
As discussed and said , the BT Group will cut 10,000 jobs by the end of March and 4,000 among their own staff and 6,000 from among its sub-contractors and consultants. The company said cuts would be made across all its business sectors except customer service. BT has a global workforce of 160,000 and the account to job looses will be more than six per cent.
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