BT announced an annual pay increase of 1.5 percent effective from 1 July 2020 to its team members (non-managerial staff) in the UK.
BT Group has 84,000 employees in the UK. This salary increase will benefit around 58,000 staff – mostly key workers in call centres, as well as engineers, according to media reports.
BT has also decided not to make an annual pay increase to its managers in financial year 2020-21.
Managers won’t get a pay rise in the 2020-21 financial year but BT says it plans to dish out bonuses to them for the last financial year as normal. BT, the number one telecom operator in the UK, will make an announcement on bonus in June.
BT said it will continue to pay all employees’ salaries in full despite the spread of the coronavirus epidemic. BT said it will not put any staff on publicly-funded furlough.
“We are supporting thousands of colleagues who are unable to work; have protected the jobs of 400 new engineers who cannot currently be trained; and are reskilling and redeploying many of our 4,200 retail staff to provide services,” BT CEO Philip Jansen said.
BT also reconfirms its previous commitment to make an award of £500 worth of BT of shares to all employees in June. The yourshare scheme amounts to around a £50 million investment this year in making all BT Group colleagues shareholders in the company.
Philip Jansen will also donate the next six months of his £1.1 million salary – worth £550,000 – to the NHS Charities Together Covid-19 appeal and to affected small businesses in his local community.
“BT is stepping up, standing by the country in this time of need and standing by our people who are working tirelessly to keep everyone connected, safe and working,” Philip Jansen said in a statement.
BT will not slash jobs of employees in BT, Openreach, EE, or Plusnet in the the next three months.
BT’s engineers and customer service representatives are still working as normal as they’re considered to be key workers.
Meanwhile, its 4,200 retail staff who worked in its high street stores have been redeployed to other parts of the business.
BT has also given all customers unlimited home broadband to help families stay connected during the coronavirus crisis.
BT, Britain’s biggest broadband and mobile provider, reported a 3 percent drop in third-quarter revenue to 5.78 billion pounds ($7.6 billion) and 4 percent drop in core earnings to 1.98 billion pounds.