Bt Share Discussion Threads

[babyal] 29/11/2022 10:54

In April, without union agreement they gave 1500 across the board so now they have offered another 1500 on top from 1st Jan.

[diku] 29/11/2022 09:04

Competition deals galore amongst Telcos and costs are rising...net gain?...

[coxsmn] 29/11/2022 08:59

Good news at last if pay dispute is settled.

[dipso] 29/11/2022 08:05

a £1,500 pay rise next year.

I thought that was the original offer

[smurfy2001] 28/11/2022 20:49

Telecoms giant BT has agreed a pay deal with union bosses that will see workers who earn £50,000 or less get a £1,500 pay rise next year.

[livewireplus] 28/11/2022 20:32

I think it is his guide dog that is posting ....

[cricklewood] 28/11/2022 20:27

Its already down , are you blind ?

[diku] 28/11/2022 18:36

You have a coin?...

[netcurtains] 28/11/2022 18:34

Will DEAL make the price go UP or DOWN or UNCHANGED?

[jubberjim] 28/11/2022 18:33

This looks interesting

Unfortunately not too much in the way of funds at moment to invest

Such are the vagaries of the markets that that is not such a bad thing

Money tied up in reliable ? Dividend payers and funds but looks a likely candidate but decisions as to what to liquidate to provide the happenstance are moot

Will likely hold off and hope the markets don t go against me until after Xmas


But good luck to those that persevere. Me I'm much too much of a bear of everything

[spacecake] 28/11/2022 17:28

Quite a deal, but normal service is better than no service.

[ariane] 28/11/2022 16:35

BT strikes pay deal with unions

By Ray Le Maistre

Nov 28, 2022


BT staff have been taking industrial action since the summer over pay deals

Now the UK operator has agreed a new offer with the main unions

Union members will vote in the next few weeks about whether or not to accept the offer

Following five months of strike action, BT has agreed a new pay deal with the two main unions that represent its employees, Communication Workers Union (CWU) and Prospect, which could see an end to the walkouts and give BT staff a salary increase that reflects the current levels of inflation in the UK. 

The ‘Cost of Living Pay Rise’ will, if all goes to plan, be awarded to about 85% of BT employees (effectively, all but the highest-paid staff). The unions are to run consultative ballots and are recommending that members vote in favour of the offer. 

The outcome of the ballots will be announced in mid-December, and in the case of the CWU would bring an end to the current industrial action if members vote in favour of the deal. BT staff have been striking for improved conditions since the summer. 

According to the CWU, the pay offer would reflect an annual pay rise of anything between just below 10% for some staff and anything up to 15% for some of the lower-paid employees. 

The CWO noted in an announcement to its members: “The CWU Executive Committee has agreed to recommend the deal with the strong view that it is the maximum that can be achieved by negotiation leveraged by your industrial action… Make no mistake, your significant sacrifice in taking strike action, making a stand against BT and objecting to their originally imposed pay rise in April ultimately forced BT back around the negotiating table. Without this, there would be no further pay increase. At best some people on lower pay may have received an imposed one-off cost-of-living payment in December. The case was made, and won, for a consolidated pay rise; consolidation being hugely important as it means it is paid again and again, unlike a one-off payment which does not increase your actual pay.”

BT CEO Philip Jansen, who previously had not been receptive to union calls for improved pay deals, is now keen to start a new chapter in industrial relations, it seems. “This award is based on the principles we have followed throughout this difficult period. It gets help to as many of our colleagues as possible; favours our lower paid colleagues; and gives people the security of a built-in, pensionable increase to their pay,” he noted. “Crucially, it has been worked on in conjunction with the CWU. As I’ve said throughout, whatever our differences, our unions are vital partners. We will now build on this collaboration: We have agreed with both our union partners that we will all lean into the opportunities and challenges the future will bring, specifically our transformation plans and the delivery of the £3bn cost savings by the end of FY25. Ultimately, we all want BT Group to be successful so that we can do the best by our people and customers for years to come.” 

Let’s hope for everyone’s sakes that the offer makes sense for BT’s employees and operators and that all involved can have a merry Christmas.

News of the pay deal comes only weeks after Jansen announced that the operator was looking to increase its cost savings target from £2.5bn to £3bn by the end of fiscal year 2025. 

- Ray Le Maistre, Editorial Director, TelecomTV

[smurfy2001] 28/11/2022 15:15

BT strikes set to end after staff offered extra £1,500 pay rise

[halfpound] 28/11/2022 12:03

talksense 28 Nov '22 - 09:46 - 44149 of 44151 (Filtered)
talksense 28 Nov '22 - 09:50 - 44150 of 44151 (Filtered)

[talksense] 28/11/2022 09:50

it seems their are different types on this board.

[1] Intelligent unbiased comment
[2] Those with shares that try to see positive news
[3] Those who post nonsense and try to bait others
[4] The pension fund scaremongers closely in league with [3]

The only comments worth reading are [1] I block everyone lese but that doesn't stop the free brigade creating accounts for one off baiters.

Shame his isn't better moderated

[yeah man] 28/11/2022 08:42

Yeah Baby, can see 89p all day long here.

[steven1404] 27/11/2022 15:57

Hopefully something will be posted on workplace soon it will be handy for staff over xmas but this should off been sorted out long before now

[wendsworth] 27/11/2022 14:43

babyal: Coincidentally had my landline /wi-fi upgraded by a BT engineer last Wednesday and he reflected a similar view i.e. that a settlement was imminent.

[maywillow] 27/11/2022 07:25

BT and Vodafone are hit by rising costs and debt: £10bn wiped off telecoms giants as investors rattled

By Francesca Washtell, Financial Mail On Sunday

Published: 21:51 GMT, 26 November 2022 | Updated: 21:51 GMT, 26 November 2022


Almost £10billion has been wiped off the value of BT and Vodafone as soaring costs and debt rattled investors. 

Analysts are becoming increasingly sceptical about Britain's two biggest telecoms companies after they reported lacklustre results this month. The pair are sitting on a £65billion debt pile – almost twice their combined value. 

Investment bank Credit Suisse last week downgraded its rating on Vodafone. Activist investor Cevian Capital appears to be giving up on hopes the group can hasten its turnaround efforts – recently slashing its stake in the mobile giant. 

[babyal] 27/11/2022 07:10

They need to hurry up as it's almost time to start negotiating for next years pay deal.

[steven1404] 26/11/2022 19:36

They are allegedly having a meeting in London on Monday so hopefully will be sorted soon prob a cost of living payment