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30th of December 2010
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News Tag: BT

July 9, 2010

BT reaches pay deal with union

by Kay Murchie
”BT
Telecoms giant BT has avoided strike action after reaching an agreement on pay with the Communication Workers Union (CWU). Workers were threatening strike action after senior executives were awarded huge bonuses which angered staff. However, a new deal, which the union has described as "fantastic" for its members resulted in a 2.3% rise in BT’s share price this morning. BT commented: "Having failed ...




July 6, 2010

BT strike ballot scrapped over “technical breaches”

by Kay Murchie
’BT
The union which represents BT workers has announced a strike ballot has been scrapped due to a legal issue. The vote for strike action came as senior executives were awarded huge bonuses which angered staff. The Communication Workers Union (CWU) said it was balloting members in support of a 5% pay rise after what it called a period of wage freezes ...




June 11, 2010

BT strike ballot to go ahead

by Kay Murchie
”BT
Telecoms giant BT could be faced with industrial action after the union which represents BT workers has confirmed that a strike ballot will go ahead. The ballot will open on 18 June with the result is due on 5 July. The vote for strike action, which would be the first in 25 years, comes as senior executives have been awarded huge ...




May 26, 2010

Strike action looming at BT

by Kay Murchie
”Strike
Telecoms giant BT could be faced with industrial action after top bosses have been awarded huge bonuses, which has angered staff. The possible strike action, which would be the first in 25 years, comes as a 2% pay offer was rejected by the Communication Workers Union (CWU), which is now planning to ballot its 60,000 members. BT is to publish its annual report ...




November 12, 2009

Cost-cutting impacts on BT half-year profits

by Kay Murchie
”Cost-cutting
Profits at telecommunications giant British Telecom (BT) plummeted in the six months to 30 September by 45%, as a result of its major restructure, which resulted in the loss of 15,000 jobs. The company, which increased its cost-cutting target for the year from £1 billion to £1.5 billion, made a pre-tax profit of £547 million during the period, compared with the £991 ...




August 24, 2009

CBI calls for new apprenticeships to tackle youth unemployment

by Kay Murchie
”CBI
The Confederation of British Industry (CBI) is urging the Government to deal with the growing levels of youth unemployment and is calling for £125 million of the Government's £500 million recruitment subsidy fund to be spent on creating 50,000 new apprenticeships. The growing problem was highlighted last week by the Prince's Trust and the University of Sheffield, who ...




August 23, 2009

More woes for young job-hunters as BT suspends graduate recruitment scheme

by Kay Murchie
”More
Last week, the Prince's Trust and the University of Sheffield revealed challenging times for school leavers this summer. Professor Danny Dorling, from the University of Sheffield, said: "The rate of youth unemployment in the recession to come will depend almost entirely on what opportunities young people are offered.” The report pointed out that if the number of young ...




July 8, 2009

BT lifts rewards limit on credit card

by David Masters
BT lifts rewards limit on credit card
BT customers can now save an unlimited amount of money on their broadband and telephone bills by spending money on their BT credit card. BT will deduct one pence from a customer's monthly phone bill for every £1.50 spent on their credit card, the telecoms operator said this week. Customers spending £1,000 per month on the card will save £80 a year ...




May 14, 2009

BT losses escalate, 15,000 jobs to go

by Kay Murchie
”BT
Telecoms giant BT has today announced plans to axe 15,000 jobs this year - with the majority being in the UK. The group also announced a full-year loss of £134 million due to a poor performance within its Global Services unit - which has written down £1.3 billion within the division. The loss of £134 million for the 12 months to the ...