Following the last few months of bad press at BT, the telecoms giant has announced plans to reduce global jobs by 4,000 over the next 2 years and is stripping the chief executive of his annual bonus.
The announcements came as BT disclosed that its annual pre-tax profits fell 19% to £2.35bn in the year to March, following the news of BT’s Italian unit overstating profits.
BT has also been fined £42m by Ofcom and will also pay £300m to corporate customers for delays in installing high-speed leased lines. The fine was incurred due to BT’s Openreach cutting compensation to telecoms providers for delays in installing the lines between early 2013 and late 2014, breaking rules set-out by Ofcom.
Unfortunately many businesses will be aware of Openreach failing to meet installation timescales which can impact of the delivery of services to the business. ERA work closely with clients and network providers throughout the implementation of new data connectivity solutions, using our expertise to pre-empt issues where possible and hold suppliers to account that fall short in delivery to help keep projects of track.
Article by: Pritesh Patel