BT ax­ing 4,000 jobs to re­duce costs

New Straits Times - - Business -

LON­DON: Trou­bled Bri­tish tele­coms gi­ant BT said yes­ter­day it would axe 4,000 jobs world­wide in a new cost-cutting drive, af­ter post­ing slid­ing prof­its in a “chal­leng­ing” year. The po­si­tions would be cut across three di­vi­sions, which com­prise global ser­vices, group func­tions, and tech­nol­ogy, ser­vices and op­er­a­tions, said BT. The group em­ploys 102,500 work­ers and op­er­ates in 180 coun­tries. Its pre-tax profit fell by a fifth to £2.35 bil­lion (RM13.18 bil­lion) in the fi­nan­cial year to end of March.

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