British telecoms company BT will axe 13,000 jobs

Vastavam web: British telecoms and television broadcasting company BT announced today that it will axe 13,000 jobs in administration and management.BT said in a statement alongside its annual results that it will shed the jobs over the next three years as it seeks to slice off an extra 1.5 billion pound (USD 2.0 billion, 1.7 billion euros) in costs.

The latest revamp will mainly affect back office jobs, or support positions that tend to be based outside London, and middle management roles.The London-listed giant also plans to exit its global headquarters near St Paul’s Cathedral in London’s City finance district.BT, which possesses Britain’s leading fixed-line and mobile access networks, has in recent years launched a costly push into broadcasting live Premier League football matches.

“Our integration and restructuring activities remain on track,” said chief executive Gavin Patterson.Today’s latest announcement is part of an ongoing overhaul, under which it had already axed 4,000 jobs last year.