Share Name Share Symbol Market Type Share ISIN Share Description
Bt Group Plc LSE:BT.A London Ordinary Share GB0030913577 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.75 -0.4% 188.75 188.45 188.55 190.10 186.60 187.20 27,112,939 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Fixed Line Telecommunications 21,331.0 1,804.0 14.8 12.8 18,719

BT Group, Union Reach Agreement on Modernization Plan

08/07/2021 2:46pm

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By Adria Calatayud


BT Group PLC said Thursday that it has reached an agreement with its largest union, the Communication Workers Union, on the company's modernization plan over the coming years.

The U.K. telecommunications company said it has committed to consider steps to avoid compulsory redundancy and to seek volunteers where it needs to reduce roles.

The agreement with the CWU also covers pay and proposed site closures, the company said. BT said it has committed to implement a pay increase in the U.K. that will be awarded next year and to close only buildings where it anticipates staff can relocate to an alternative location over the next year.


Write to Adria Calatayud at adria.calatayud@dowjones.com


(END) Dow Jones Newswires

July 08, 2021 09:34 ET (13:34 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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