{"id":13041,"date":"2017-05-11T11:06:02","date_gmt":"2017-05-11T10:06:02","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=13041"},"modified":"2017-05-11T11:06:02","modified_gmt":"2017-05-11T10:06:02","slug":"bt-group-to-sack-4000","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/","title":{"rendered":"BT Group to sack 4,000"},"content":{"rendered":"

Troubled British telecoms giant BT said Thursday it will axe 4,000 jobs worldwide in a new cost-cutting drive, after posting sliding profits in a \u201cchallenging\u201d year.<\/span><\/p>\n

The positions will be cut across three divisions, which comprise global services, group functions, and technology, services and operations, BT said in its annual results statement.<\/span><\/p>\n

The group, which currently employs 102,500 staff and operates in 180 countries, will take a one-off restructuring charge of \u00a3300 million ($388 million, 357 million euros).<\/span><\/p>\n

Meanwhile, pre-tax profit dived by a fifth to \u00a32.35 billion in the financial year to the end of March, hit by an Italian accounting scandal, troubles at its Openreach broadband unit, and challenging trade both at home and abroad.<\/span><\/p>\n

\u201cTechnology trends mean that we are now less dependent on owning physical local network assets around the world, creating the opportunity to reposition Global Services as a more focused digital business,\u201d said chief executive Gavin Patterson.<\/span><\/p>\n

The group was, therefore, restructuring its Global Services division and speeding up and expanding its cost transformation programmes, he said.<\/span><\/p>\n

\u201cThis will help offset market and regulatory pressures and create the capacity for future investment,\u201d Patterson said.<\/span><\/p>\n

BT added Thursday that its remuneration committee has stripped Patterson of his 2016\/2017 bonus, totaling \u00a3338,398, as a result of a string of problems.<\/span><\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

In January, BT revealed news of an accounting scandal at its Italian division which cost the group \u00a3530 million.<\/span><\/p>\n

And in March, regulator Ofcom hit BT with a bill of around \u00a3350 million in fines and compensation following delays to high-speed cable installations by its Openreach broadband unit.<\/span><\/p>\n

\u201cThe past year has been challenging,\u201d noted remuneration committee chairman Tony Ball in a separate statement.<\/span><\/p>\n

\u201cUnfortunately our performance has been significantly affected by the accounting irregularities in our Italian business, the issues that arose in Openreach \u2026 and the significant challenges we faced in the UK public sector and international corporate markets.\u201d<\/span><\/p>\n

The committee had made \u201ca number of difficult decisions this year in light of these circumstances and exercised its discretion accordingly,\u201d Ball said.<\/span><\/p>\n

Openreach maintains tens of millions of copper and fibre lines connecting telephone exchanges to homes and businesses across the UK.<\/span><\/p>\n

afp<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Troubled British telecoms giant BT said Thursday it will axe 4,000 jobs worldwide in a new cost-cutting drive, after posting sliding profits in a \u201cchallenging\u201d year. The positions will be cut across three divisions, which comprise global services, group functions, and technology, services and operations, BT said in its annual results statement. The group, which …<\/p>\n","protected":false},"author":11,"featured_media":13042,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23],"tags":[1842],"coauthors":[2392,2393],"class_list":["post-13041","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","tag-bt"],"yoast_head":"\nBT Group to sack 4,000 - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BT Group to sack 4,000 - National Wire\" \/>\n<meta property=\"og:description\" content=\"Troubled British telecoms giant BT said Thursday it will axe 4,000 jobs worldwide in a new cost-cutting drive, after posting sliding profits in a \u201cchallenging\u201d year. The positions will be cut across three divisions, which comprise global services, group functions, and technology, services and operations, BT said in its annual results statement. The group, which …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-11T10:06:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/05\/BT.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1125\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dayo Emmanuel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/05\/BT.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/05\/BT.jpg\",\"width\":1500,\"height\":1125},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/\",\"name\":\"BT Group to sack 4,000 - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/#primaryimage\"},\"datePublished\":\"2017-05-11T10:06:02+00:00\",\"dateModified\":\"2017-05-11T10:06:02+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BT Group to sack 4,000\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f\",\"name\":\"Dayo Emmanuel\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/dayo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BT Group to sack 4,000 - National Wire","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/","og_locale":"en_US","og_type":"article","og_title":"BT Group to sack 4,000 - National Wire","og_description":"Troubled British telecoms giant BT said Thursday it will axe 4,000 jobs worldwide in a new cost-cutting drive, after posting sliding profits in a \u201cchallenging\u201d year. The positions will be cut across three divisions, which comprise global services, group functions, and technology, services and operations, BT said in its annual results statement. The group, which …","og_url":"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/","og_site_name":"National Wire","article_published_time":"2017-05-11T10:06:02+00:00","og_image":[{"width":1500,"height":1125,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/05\/BT.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Dayo Emmanuel","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/05\/BT.jpg","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/05\/BT.jpg","width":1500,"height":1125},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/","name":"BT Group to sack 4,000 - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/#primaryimage"},"datePublished":"2017-05-11T10:06:02+00:00","dateModified":"2017-05-11T10:06:02+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f"},"breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/bt-group-to-sack-4000\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"BT Group to sack 4,000"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f","name":"Dayo Emmanuel","url":"https:\/\/nationalwire.com.ng\/sub\/author\/dayo\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/13041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=13041"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/13041\/revisions"}],"predecessor-version":[{"id":13043,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/13041\/revisions\/13043"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/13042"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=13041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=13041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=13041"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=13041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}