Report: UK telecom company BT to cut 10,000 jobs

April 12, 2009 21:36


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Telecommunications company BT Group PLC is set slash 10,000 more jobs, according to a British newspaper report, or about 6 percent of its global work force. The Sunday Times of London said the cuts would be announced next month as the company announces what the paper called horrendous year-end results. BT, whose share price has plunged from more than 40 pence (US60 cents) last year to about 12 pence (US17 cents) Friday on the London Stock Exchange, has only just wrapped up its latest costing-cutting program, which laid off 10,000 other workers. Most of those layoffs hit workers employed through outside agencies, contractors and offshore workers. The Times said the new layoffs would be spread throughout the company.

Related Content

Angela Merkel gestures during a cabinet meeting in Berlin
July 21, 2018
Exclusive: German intelligence contradicts Merkel on Iran's nuclear drive