BT to shed 10,000 jobs by March

Business Materials 13 November 2008 12:04 (UTC +04:00)

Telecoms group BT says it expects to have cut 10,000 jobs by the end of the financial year.

The cuts will mainly affect agency and contract staff and offshore workers, the company said, reproted BBC.

The job losses come as the firm announced a 11% fall in pre-tax profit for the July to September quarter.

The company said it had already cut 4,000 jobs, leaving a further 6,000 to go by the end of March. BT has a global workforce of 160,000.