News

BT staff to get £500 in shares every year

BT staff to get £500 in shares every year
Business
Since BT announced cuts to its 100,000-strong workforce last May, unions have warned of stress and low morale among staff.

Mr Jansen said: "I m asking our colleagues for their commitment to making BT a national champion; and I want to give them ownership in our company and a share in our success.

"Placing customers at the heart of BT will only be possible by investing in the lifeblood of the business, our people, giving everyone a stake as we build a better BT for the future."

Mr Jansen replaced Gavin Patterson in January after the company called for a change of leadership.

The firm is struggling with intense competition and a huge pension deficit, and has "a lot of work to do" remain successful, according to Mr Jansen.

In results posted last week, BT said revenues for the year to the end of March fell 1% but profits rose 2%.

UK firms are increasingly offering staff perks and rewards.

This week, engineering company Weir Group said the majority of its 15,000 workers globally would get £600 in company shares as a gift.

And more than 500 staff at Hi-fi and TV retailer Richer Sounds are in line for a combined windfall of £3.5m, after boss Julian Richer handed them a 60% stake in the retailer.
Read more on bbc.com
News Topics :
Similar Articles :
Business
More than 500 staff at Richer Sounds are in line for a £3.5m windfall after the retail chain s boss handed them a 60 stake in the business. Julian Richer,...
Business
The inevitable arrival of increasingly powerful Chinese train companies in the European and global markets is one of the driving forces behind the upcoming initial public offering of Bombardier Transportation,...
Business
Meanwhile telecoms group BT has said it will distribute £50m of shares between staff annually starting in 2020. All this generosity may come as a bit of a shock in...
Business
Mr Patterson has been at BT for 14 years, 10 of those as a board member. His leadership has seen a number of significant developments. BT has returned to the...
Business
While Bombardier Inc. chief executive officer Alain Bellemare is fighting a battle to save the companys aerospace division, Laurent Troger is fighting to keep the other half of the company...