Link to the article: Channel 4 News
One in 10 of BT's workers will lose their jobs as the telecoms firm announces a £134m loss.
BT is to cut another 15,000 jobs on top of the 15,000 it has already cut since November 2008.
The news comes as the company announces a loss of £134m in the latest financial year - only the second loss in the company's history.
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2009
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May
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- How the EU has changed
- Lifestyle annuities hit record levels
- Hopes for Vauxhall
- Time Warner and AOL to part company
- Vauxhall jobs at risk as talks stall
- Oil output curbs push up petrol prices
- Village People: Will Ireland back flip on EU?
- Santander to rebrand British banks
- Profits soar at Virgin Atlantic
- The real cash cows of France?
- Europe's biggest wind farm opens
- EU recession 'deeper than expected'
- Chip-maker fined over payments
- Truth behind Ivory Coast toxic waste dump
- BT cuts 15,000 jobs
- Recovery may be slow, warns King
- EU groups explained with cake
- What does an EU commissioner do?
- What does an MEP do?
- Expat business slows in Spain
- European economy 'will shrink 4%'
- Banking system 'failed at all levels'
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May
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