BT thumped

[PM-Junkie]

http://news.bbc.co.uk/1/hi/business/7726174.stm

Ouch!

[rootsnall]

Good for the share price though, up 11%. Sack another 10,000 I say.

[swamp]

http://news.bbc.co.uk/1/hi/business/7726174.stm

Ouch!

"Telecoms group BT says it expects to have cut 10,000 jobs by the end of the financial year.

The cuts will mainly affect agency and contract staff and offshore workers, the company said."


I'd call that Doomed.

[Purple Dalek]

"Telecoms group BT says it expects to have cut 10,000 jobs by the end of the financial year.

The cuts will mainly affect agency and contract staff and offshore workers, the company said."


I'd call that Doomed.

They just say these things, and go through the motions, to bump up the share price. Generally after, when the hangover is wearing off, they discover there is no one actually doing any work, so they have to hire them back in again.

And so it goes, and so it goes.

[rootsnall]

They just say these things, and go through the motions, to bump up the share price. Generally after, when the hangover is wearing off, they discover there is no one actually doing any work, so they have to hire them back in again.

And so it goes, and so it goes.

I'd say this is generally true but at BT I suspect 9,000 of the 10,000 aren't doing any work to start with so they'll only have to rehire 1,000 of them.

[Purple Dalek]

I'd say this is generally true but at BT I suspect 9,000 of the 10,000 aren't doing any work to start with so they'll only have to rehire 1,000 of them.

Noooooo, they always fire the ones that do the work. That way when the manager has to hire them back in, there is a possibility that there little part of the empire increases.

If the company was serious about cutting numbers they'd be culling the managers, as they're doing it to the workers it's just a smoke and mirrors job for the city.

[badger7579]

"Telecoms group BT says it expects to have cut 10,000 jobs by the end of the financial year.

The cuts will mainly affect agency and contract staff and offshore workers, the company said."


I'd call that Doomed.

Believe me if they get rid of contract staff in this division the permies will be screwed...

[scorchio]

Working for the Global Services at the moment, just found out that my expected 6 month extension is now 3 months, ends just before the end of the financial year, there's a surprise..

Have to agree that if they got rid of the contractors on our team, they'd be screwed as there would be no one left.

[BoredBloke]

Working for the Global Services at the moment, just found out that my expected 6 month extension is now 3 months, ends just before the end of the financial year, there's a surprise..

Have to agree that if they got rid of the contractors on our team, they'd be screwed as there would be no one left.

Same here!

[ace00]

BT said the move was aimed at reducing its dependence on consultants and contractors.

That's you lot. It's all your fault.