BT Is Considering Deeper Overhaul to Shrink Workforce by 25%, Sources Say
- U.K. phone company is said to discuss 75,000 headcount target
- BT faces demands for infrastructure spending as sales decline
A BT logo sits above communications equipment on the BT Tower operated by BT Group Plc in London.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
BT Group Plc, Britain’s dominant phone company, is considering a deeper restructuring under new Chief Executive Officer Philip Jansen that could see its 100,000-strong workforce shrink by a quarter over five years, according to people with knowledge of the matter.
BT has internally discussed a target of reducing its headcount to 75,000, partly through accelerated automation of back-office processes, some business disposals and streamlined management, said the people, who asked not to be identified because the deliberations are private.