London — BT Group’s new CEO will give each employee £500 in shares every year to get them behind his plans to overhaul the former monopoly.
About 4,000 staff have left out of 13,000 planned cuts. It has weighed even deeper layoffs as processes are streamlined and automated and some units are sold, people familiar with the matter have told Bloomberg. Addressing reporters late on Wednesday, Jansen said it was “damn obvious” that BT is still too slow, too fond of committees and needs better customer service more than three decades after it was privatised.
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