BT will cut 4,000 jobs as part of a £300m corporate shake-up of its overseas operations, the telecoms giant announced this morning.
The firm’s Global Services division has been a thorn in the side of the telecoms giant, with two mammoth accounting scandals over the last 10 years.
The latest, a £530m blackhole unearthed in Italy, prompted major investors to question whether BT should call time on operations outside of the UK. BT responded by launching its own review into Global Services.
Read more: BT boss tells City A.M.: Italian problems have not spread
And today the firm announced …
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