BT to announce thousands of job cuts next week
The telecoms company could cut 6,600 of it's 106,000 workforce in what could be the largest round of redundancies in almost a decade
BT is set to reveal plans to cut thousands of job next Thursday to try and save £500million over the next three years.
The telephone communication company could cut 6,600 jobs worldwide after it announces its yearly results next week, according to .
Analysts told the FT that they expect BT to make redundancies across the company's 106,000-strong workforce.
Around 80,000 people work for the company in the UK so it is possible these cuts may affect employees at home as well as internationally.
The FT is reporting that if BT follows through with the redundancies it would be the largest round of job cuts in almost a decade.
It already cut 30,000 jobs in 2008 and 2009 due to problems with the company's international business.
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Speaking to the the BBC, economist Simon French has said: "The big telecoms companies are at the forefront of moving their businesses over to digital and that will mean less employees."
He also said that BT needs to cut costs to deal with with a "huge" pensions deficit that is affecting the companies share price.
BT chief executive Gavin Patterson spent billions last year buying up expensive football rights to try and lure customers to its paid TV service.
The telecoms company also spent £12.5billion to acquire EE, who were then the UK's largest mobile provider.
BT has declined to comment.
The company announced last year that they will be cutting 4,000 jobs worldwide following an accounting scandal that cost the company £500million.
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