BT Proposes Bonus for Frontline Workers
March 24 2021 - 04:19AM
Dow Jones News
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)
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