Feeds

BT health problems will cost more jobs

Telco engaged in write-offs and job cuts

Business security measures using SSL

BT shares fell sharply this morning on rumours that it is to cut another 10,000 jobs and take a massive hit on the cost of its NHS work.

The telco is preparing to cut 10,000 more jobs - alongside the 10,000 which have already gone. It will also use next month's results announcement to write £1.5bn off the value of ongoing contracts, mostly from its troubled Global Services business.

Much of this write-off is down to problems connected to contracts with the National Programme for IT - the government's ambitious plan to replace NHS technology and introduce electronic patient care records.

The telco is also cutting 60 per cent from dividend payments.

BT shares fell over five per cent in early trading but have now recovered. The company dismissed the reports in the Sundays as pure speculation.

Earlier this year BT confirmed it was freezing wages for 100,000, and said in November that it would cut headcount by 10,000 by the end of March.

The company has just seen a big jump in its ability to do business in India, however - Tech Mahindra, which is one-third owned by BT, looks set to take over Satyam. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.