BT Group to Close Around 270 UK Offices Amid Reorganization
June 05 2019 - 6:47AM
Dow Jones News
By Adria Calatayud
BT Group PLC (BT.A.LN) said Wednesday that it will close around
270 office locations across the U.K. as part of a workplace
reorganization.
The FTSE 100-listed telecommunications company will consolidate
more than 300 office locations to around 30, it said. There will be
no job losses as part of the consolidation plan, a BT spokesperson
said.
The company said the reorganization is part of a turnaround
launched in May 2018. Also as part of the restructuring, BT is
leaving its headquarters in London, and is identifying a new home
for its business in the capital, it said.
Shares at 1014 GMT were up 0.5% at 202.55 pence.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
June 05, 2019 06:32 ET (10:32 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
BT (NYSE:BT)
Historical Stock Chart
From Sep 2024 to Oct 2024
BT (NYSE:BT)
Historical Stock Chart
From Oct 2023 to Oct 2024