British Telecom cuts jobs at BTopenworld

By Bloomberg, Singapore.CNET.com
Tuesday, February 13, 2001 06:28 PM
LONDON--British Telecommunications Plc will cut 20 percent of the workforce at its BTopenworld Internet business, the Guardian reported, citing an unidentified company spokesman.

The UK phone company will offer those who lose their jobs other positions within BT, the paper said. The total number of job cuts will be about 200.

"We always set out to throw a lot of resources at this business at the beginning and now six months on, some people will be absorbed into other parts of BT," the spokesperson said.

BT wants to cut its debt by a third, or 10 billion pounds, this year by selling assets and shares in units such as its mobile phone business. The company is still considering whether to spin off or sell shares in its Yell directory services unit. BT plans to sell shares in its cellular phone unit in the second half of the year.

BT will cut as many as 5,000 jobs this year, a company spokesperson Tim Johns said. He reiterated that the people who lose their jobs at BTopenworld will be reassigned to other parts of the parent company.

BTopenworld was formed last July as a consolidation of BT's mass market Internet operations, including narrowband and broadband access and Wireless Application Protocol (WAP) portal Genie.


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