Openreach bt group business plan

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Openreach bt group business plan

It added that it would be hiring about 6, employees to "support network deployment and customer service". A third of the job reductions will come from outside the UK in its Global Services division. The company also said it intended to move out of its existing central London headquarters and into smaller premises.

It also said it was keeping its full-year dividend unchanged from last year at Philippa Childs, national secretary of the Prospect union, said the announcement was "a devastating blow to managers and professionals represented by Prospect". She said Prospect had been working closely with BT on looking at the impact of organisational changes, but the number of job cuts sounded "unrealistic".

For example, EE and the consumer businesses continue to grow. However, these improvements are being more than offset by challenging conditions elsewhere.

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Gavin Patterson will have his work cut out if he's to steady the ship. Rob Young, business reporter BT's share price has halved over the past two years.

Investors have become less convinced about the company's ability to make them money, after an accounting scandal, a profits warning and a regulatory fine.

openreach bt group business plan

BT clearly thinks it has too many staff doing jobs not needed in the digital world. Its wide-ranging corporate shake-up is an attempt to simplify the business, to squeeze more profit out of each pound it spends. It's under pressure to pump more money into fibre optic and super-fast mobile networks and to fill the black hole in its pension scheme.

It has made more efforts on those fronts today. Thousands of new hires will be engineers and cyber-experts, focusing not on copper cables, but on building the physical and mobile networks of the future. It's also trying to improve its customer service and mend relations with the regulator.

It's a big job, turning a former monopoly into a consumer-focused TV and phone company. Shares are down sharply, suggesting investors are yet to be convinced by BT's plan.BT agreed in March to separate Openreach into a distinct company with its own staff, management and strategy, and a legal purpose to serve all its customers equally.

With four years under his belt, he may start thinking the same thing of the group role should Mr du Plessis remain unconvinced of his .

BT Group - Wikipedia

BT is to cut 13, jobs over three years, about 12% of its workforce, as it seeks to slim down its management and back-office roles. The telecoms giant said that the job cuts and other measures. You can demonstrate that this text is in the public domain, or is already under a license suitable for Wikipedia.

Click "Show" to see how. BT plc News. Other BT PLC sections. For the home; For business and public sector; For global business. But why is Openreach still going to be part of BT? A full break-up could take a number of years, with higher costs and more disruption to the business.

By contrast, the legal separation route that.

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