The
company logo for BT is seen on the BT Tower in
London
Thomson
Reuters
LONDON (Reuters) – BT said on Thursday it would cut 4,000 jobs in
its Global Services unit that serves multinationals and scale
back its dividend growth ambitions in a drive to recover from an
accounting scandal and a profit warning.
The scandal in Italy in January, combined with a profit warning
stemming from a slowdown in the work it does for governments,
sent BT’s shares plunging at the time, wiping 8 billion pounds
from the company’s value.
The telecoms group described the year as “challenging” as it
reported fourth-quarter revenue of 6.12 billion pounds, up 1…
Read the full article at: http://www.businessinsider.com/r-bt-to-cut-4000-jobs-in-restructuring-after-challenging-year-2017-5