Friday, December 5, 2008
British Telecom to cut 10,000 jobs, India untouched
London[IANS]: UK-based telecom major British Telecom Group (BTG) on Thursday announced plans to cut 10,000 jobs at home and overseas, but said this would not affect the Indian operations of the company. "The Indian operations would not see any retrenchment. The majority of the job cuts are UK based. It is too early to know country specific job cuts", a company spokesperson said. British Telecom has 600 employees in India. Commenting on the second quarter’s results, BTG chief executive Ian Livingston said, "Three out of our four business units, BT Retail, BT Wholesale and Openreach, are delivering on or ahead of target. But profits in BT Global Services are simply not good enough and we are taking decisive action to put matters right." The company added that 4,000 employees have already been given pink slips. Less than half of the jobs to go are direct positions.