BT axing 4,000 jobs to reduce costs

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.