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04 Dec 2001
BT has said that 5,000 more employees face the axe, bringing total redundancies up to 13,000 in a bid to cut costs by £850m.
The extra cuts will take place over the next three years and amount to almost 20 per cent of the workforce.
Further reading
According to a report by Sky News, most of the cuts will take place in the BT Retail division, which will be shrunk down to 54,760 workers by March 2003.
BT said that agency staff would bear the brunt of the cuts. "We do not envisage compulsory redundancies," said a spokesman.
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