Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Competing narratives in Malaysia Airlines disaster coverage

Read more

AFRICA NEWS

Kenya : Police arrest 8 over Mombasa rampage

Read more

FOCUS

Overfishing and the global appetite for bluefin tuna: can Tokyo turn the tide?

Read more

MEDIAWATCH

Too many graphic images from Gaza ?

Read more

FASHION

Who's next in Paris, an event with international ready-to-wear and fashion accessories collections

Read more

ENCORE!

Tunisia's Carthage International Festival turns 50

Read more

THE OBSERVERS

Muslims and Christians clean up Bangui, and violence spirals out of control in Algeria's Gardaia

Read more

IN THE PAPERS

Is there such thing as 'telegenic' victims of war?

Read more

IN THE PAPERS

2014-07-22 07:21 IN THE FRENCH PRESS

Read more

  • Israel hits targets in Gaza despite diplomatic efforts for ceasefire

    Read more

  • Flight MH17 shot down ‘by mistake,' US intelligence indicates

    Read more

  • Defying UK, France to proceed with sale of warship to Russia

    Read more

  • Conflicting rulings by two US courts cast shadow on future of Obamacare

    Read more

  • Video: Lebanon fears fallout from regional turmoil

    Read more

  • Widodo wins Indonesian presidential election

    Read more

  • US, European airlines suspend flights to Tel Aviv over Israel-Gaza conflict

    Read more

  • Australian veteran Rogers claims 16th stage of Tour de France

    Read more

  • France gives go-ahead to pro-Palestinian Paris rally

    Read more

  • French Jews mourn French-Israeli soldier killed in Gaza

    Read more

  • PSG punished by UEFA for abuse of disabled Chelsea fans

    Read more

  • Colombia's Rodriguez signs '€80m' contract with Real Madrid

    Read more

  • Children killed in minibus crash in eastern France

    Read more

  • A call for harmony in riot-hit ‘Little Jerusalem’ Paris suburb

    Read more

Business

Crisis-hit BT offers employees 'long holidays' to cut costs

Text by NEWS WIRES

Latest update : 2009-07-04

In order to slash costs in crisis times, BT is offering employees the chance to stay at home during school holidays for less pay or a year off for a 75% pay cut, rather than make redundancies.

AFP - BT, seeking to slash costs in the face of Britain's worst recession in years, is offering employees a year at home in return for a 75-percent pay cut, the telecoms operator said Saturday.

Staff have also been offered a one-off payment of 1,000 pounds (1,167 euros, 1,633 dollars) if they agree to go part-time, a BT spokesman said.

In addition, parents are being given the option of no longer having to work during school holidays in return for less pay.

"Being one of the largest employers in the United Kingdom, I think this is an extremely progressive way of managing costs during a recessions, rather than making redundancies," the spokesman said.

BT said in May that it was cutting 15,000 jobs after slashing an identical number of positions in 2008-09 and sustaining a net loss of 83 million pounds (92 million euros, 125 million dollars) in the year to March.

Its latest move comes after British Airways convinced some of its staff to work for free.

Date created : 2009-07-04

COMMENT(S)