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BT.A Bt Group Plc

105.00
0.30 (0.29%)
26 Apr 2024 - Closed
Delayed by 15 minutes
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
  0.30 0.29% 105.00 105.30 105.40 105.70 104.30 105.30 23,300,181 16:35:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Phone Comm Ex Radiotelephone 20.92B 1.91B 0.1916 5.50 10.48B

BT Proposes Bonus for Frontline Workers

24/03/2021 9:19am

Dow Jones News


Bt (LSE:BT.A)
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By Adria Calatayud

 

BT Group PLC said Wednesday that it plans to offer frontline workers a special bonus of 1,500 pounds ($2,063), equivalent to about 5% of the average salary, to recognize their efforts during the coronavirus pandemic.

The U.K. telecommunications group said it plans to pay GBP1,000 in cash immediately and GBP500 in shares after three years. The company said the proposal is being made despite BT freezing pay across the company and unresolved discussions with trade unions over its transformation plans.

The Communication Workers Union criticized that BT announced the bonus while it plans "thousands of proposed compulsory redundancies," "hundreds of site closures" and "no consolidated pay offer."

 

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

 

(END) Dow Jones Newswires

March 24, 2021 05:04 ET (09:04 GMT)

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

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