BT to cut 15,000 more jobs

British Telecom has announced it will cut up to 15,000 jobs, 10% of its workforce, this financial year after reporting further heavy financial losses this morning (May 14).

BT reported pre-tax losses of £134 million for the year to March 31.

Its Global Services Unit, which provides networked IT services, has once again dragged its finances into the doldrums via a £1.9bn write down and restructure, it says.

Job cuts will be on the table at all divisions including marketing, says a spokesman, who says it is not yet clear how the cuts will be split. The majority of the 15,000 jobs culled last year came from agency staff, while 5,000 were plucked from director positions.

However it says the jobs will go through “natural wastage” and voluntary redundancy arrangements rather than compulsory lay-offs.

The telecoms provider said in February it would merge the marketing team at its TV on demand service BT Vision into consumer marketing director Matthew Dearden’s team.

BT Vision customer acquisition head James Soames announced he was joining 118 118 as text marketing director following the merger.

Recommended

Celebrities sign up for Guinness celebrations

Marketing Week

Black Eyed Peas, Estelle and a host of other musicians and celebrities will be involved in Guinness’s 250th anniversary this year. It is 250 years since the founder Arthur Guinness signed a lease on the first brewery and famous “Guinness lovers” including Sir Bob Geldof, Guy Ritchie and Sophie Dahl will gather at a Dublin […]

Thomson Local unveils new website

Marketing Week

Thomson Local has unveiled a raft of new features on its site, ThomsonLocal.com, as part of its plan to bolster its online business. The first of the changes sees users given the ability to rate and review local businesses listed on the site via a five star voting system. Users can score advertisers against key […]

Comments

    Leave a comment

    Close

    Discover even more as a subscriber

    This article is available for subscribers only.

    Sign up now for your access-all-areas pass.

    If you're an existing paid print subscriber find out how to get access here.

    Subscribers enjoy unlimited access to unrivalled coverage of the biggest issues in marketing, alongside practical advice from the digital experts at Econsultancy.

    With a subscription to Marketing Week Premium you will get full access to:

    > World-renowned columnists

    > Analysis & case studies

    > Exclusive leading-edge insight

    > Carefully curated reports & briefings from Econsultancy

    > Plus, much more including a £300 discount for the Festival of Marketing

    Subscribe now

    Got a question?

    Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

    If you are looking for our Jobs site, please click here

    Subscribers enjoy unlimited access to unrivalled coverage of the biggest issues in marketing, alongside practical advice from the digital experts at Econsultancy.

    With a subscription to Marketing Week Premium you will get full access to:

    > World-renowned columnists

    > Analysis & case studies

    > Exclusive leading-edge insight

    > Carefully curated reports & briefings from Econsultancy

    > Plus, much more including a £300 discount for the Festival of Marketing

    Subscribe now