BT to cut 13,000 jobs in restructuring plan

BT is actually cutting 13,000 managerial in addition to also also back-office jobs in addition to also also plugging its pension black hole, while placating shareholders by maintaining its dividend, inside latest restructuring by Britain’s biggest telecoms group.

The brand new strategy by Chief Executive Gavin Patterson comes after the group reported a 3 percent drop in fourth-quarter revenue to 5.967 billion pounds, just missing analysts’ expectations, while core earnings came in at 2.083 billion pounds, up 1 percent.

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