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Monday, 2nd November 2009 Change Date Latest Issue

BT try woo staff with offer

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Published Date: 04 July 2009
BT employees have been offered long-term holidays if they agree to huge pay cuts.
One option available to staff is taking a year off with a 75 per cent drop in salary, in return for receiving the remainder of their wages as an up-front payment.

BT posted a £1.3billion loss for the first three months of the year.



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  • Last Updated: 04 July 2009 10:36 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
 
1

gus1940,

Edinburgh 04/07/2009 18:16:05
This could of course be a cunning way of getting rid of staff without paying redundancy.

They may be hoping that many of the staff taking the 25% will get other jobs and 25% of annual salary in many cases would be much less than paying full redundancy entitlement.

 

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