BT redundancies: BT to cut 13,000 jobs

Telecoms giant, BT has announced that it plans to cut around 13,000 jobs over the next 3 years in an attempt to reduce costs.

The Guardian reports that BT seeks to cut £1.5bn in costs after a torrid 18 months and that it also plans to move out of its central London headquarters after almost 150 years.

The large-scale redundancies are the biggest since 2008 and 2009 when 30,000 jobs went, largely as a result of the poor performance of its global services division.

As BT proposes to dismiss as redundant more than 20 employees within a period of 90 days, the company is under a duty to collectively consult with ‘appropriate representatives’ (trade union representatives or elected employee representatives) of the workers.

At the end of the consultation period, those selected for dismissal on the grounds of redundancy will probably be offered settlement agreements (previously known as compromise agreements). A settlement agreement is a legally binding agreement, that is used to settle employment law disputes on the termination of employment.

If you have received a settlement agreement from BT or another company, please get in touch with our highly acclaimed employment solicitors for an informal discussion on 0207 965 8699 or email info@rllaw.co.uk. We regularly advise employees on the terms and effect of their settlement agreements and if necessary, we negotiate bespoke terms of exit for our clients in order to protect their position on the termination of employment.

We are ranked as a Leading Firm in the Legal 500 independent guide to the legal profession and our specialist employment solicitors are committed to achieving the best possible outcome for our clients.