Monday, May 18, 2009

British telecoms axes up to 15,000 extra jobs after plunging into red


LONDON (May 15 2009): British telecoms operator BT said on Thursday it will cut up to 15,000 more jobs, or 10 percent of its staff, after posting an annual net loss of 83 million pounds in its 2008-2009 financial year. BT added in a results statement that it had already cut 15,000 jobs over the last 12 months, which was 5,000 more than previously announced in November, while total lay-offs could total 30,000.

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