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BT offers holidays for pay cuts

VileReynard
Seasoned Pro
Posts: 10,580
Thanks: 190
Fixes: 9
Registered: 01-09-2007

BT offers holidays for pay cuts

Quote
Telecommunications giant BT is offering staff the chance of long holidays in return for a big pay cut.
The former state-owned company is looking to reduce its wage bill while trying to avoid redundancies after being hit by the economic downturn.
One option available to staff is an up front sum of 25% of annual salary in return for taking the whole year off.
Employees have also been offered a one-off payment of £1,000 if they agree to go part-time.
Parents will have the opportunity to restrict their hours to school term times to allow them to spend time with their children.

Any takers?  Grin Grin Grin

1 REPLY
Community Veteran
Posts: 18,544
Thanks: 190
Registered: 12-08-2007

Re: BT offers holidays for pay cuts

If you were thinking of retiring guess this could be useful.  it would be nice to find another job for the year and really earn out of it.