BT to close 270 offices
Further to the announcement last May that BT will close its London headquarters and cut 13,000 jobs, the telecoms group has revealed more detail about its reorganisation plans. BT is planning to close 90% of its offices in a consolidation programme that it says is the biggest of its kind in the UK. 300 offices will be whittled down to 30 by 2023. BT’s unions have warned the closures will need to be handled carefully. After torrid few years for the firm, Philip Jansen took over from Gavin Patterson as CEO in February. Last month, Jansen unveiled an initiative to give employees £50m in shares annually as part of a scheme to boost morale and improve the group’s image.