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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: BT profits up, to cut 10,000 jobs AFP - Friday, November 14 LONDON (AFP) - - British telecoms operator BT Group said on Thursday its second-quarter net profit jumped 18 percent but that it would cut 10,000 jobs by March 2009, mostly in Britain. BT said net profit in the three months to September totalled 400 milllion pounds (490 million euros, 618 million dollars) as sales rose 4.1 percent to 5.3 billion pounds. The company said its BT Retail, BT Wholesale and Openreach businesses were in line with or above targets but its international services were not good enough and it was taking action to remedy the problems. Accordingly, it would cut 10,000 jobs by the end of March -- 4,000 from among its own staff and 6,000 from among its sub-contractors and consultants. BT has a workforce of 160,000. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo The British Telecom (BT) logo. The BT Group said on Thursday its second-quarter net profit jumped 18 percent but that it would cut 10,000 jobs by March 2009, mostly in Britain. Most Popular – Top Stories Viewed Ancient 4,300-year-old pyramid discovered in Egypt Your favorite music = happy heart: study Britney Spears's son hospitalized: statement Germany in recession as US scraps toxic asset buy-up Oil price dives under 55 dollars per barrel in London View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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