- Monday, 13 July 2009
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Each snowflake in an avalanche pleads not guilty - Stanislaw J. Lec
BT axes 10,000 jobs
BRITISH TELECOM is to cut off 10,000 jobs after announcing an 11 per cent drop in profit over its second quarter.
The firm is the latest big outfit to exploit the rampant hyping-up of a global recsssion by dumping workers. Naturally, the more folk thrown out of work, the more certain a recession.
The cut represents some six per cent of BT's global workforce. The firm said it has already cut some 4,000 jobs, mostly contractors. A further 6,000 workers will be axed by April.
Tight-arsed investors lapped up the news and shares in the telco shot up by around 12 per cent this morning. "Job cuts mean more profit!" they cried jubilantly.
Who gives a stuff about turkeyless workers at Christmas when there's money to be made?
The ghost of Christmas past was unavailable for comment. µ
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As usual selfish thinking, when big corporate businesses have more impact, they should conteplate the consequences for the economy.

Maybe in the long run they will lose money, due to the fact they agitate the recession. 
Alas, they only see the quick fix.
I work for Openreach the engineering section of BT and i have over the last year to 2 seen a drop in business being done. Not as many people want lines, not many need fixing as the quality of the network especially in our area is good. I have seen many contractors and agency staff laid of over the past couple if years and pretty much saw something like this coming. Anyhow the idea of contractors and agency is there for reason to be able to give and lay of easy hence why they don't have full time contracts. I have been a agency worker before so can understand but this is the real world and the company has to do what it needs to make sure the future is good. One last thing what is BT in business for the same for MS the same for Tesco thats right to make money why would they do it otherwise, if you are going in to business for yourself you want to make money when the times are good you employee more people when times are bad you lay off people thats the way and always will be.
Wow Karl, your CV must be a work of art...

Did you invent txt-spk? :-)