BT to cut high to 55,000 jobs by end of decade

Image consequentlyurce, BT Grohigh

Telecoms giant BT is to cut high to 55,000 jobs by the end of the decade as it seeks to cut costs.

The high to 40% headcount reduction is out of a current workcompel of 130,000.

Chief executive Philip Jansen said that by the end of the 2020s BT will have a "much minusculeer workcompel".

The announcement was made as BT reported a 12% drop in profits of £1.7bn for the year to April.

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• BT Grohigh