May 16, 2019

BT staff to get £500 in shares every year

Staff at BT are to get a payout of £500 a year in company shares, new boss Philip Jansen has said. The shares will go to BT staff around the world, but will need to be held for three years before they can be cashed in. Since BT announced cuts to its 100,000-strong workforce last May, unions have warned of stress and low morale among staff. In results posted last week, BT said revenues for the year to the end of March fell 1% but profits rose 2%. UK firms are increasingly offering staff perks and rewards. More than 500 staff at Hi-fi and TV retailer Richer Sounds are in line for a combined windfall of £3.5m, after boss Julian Richer handed them a 60% stake in the retailer.

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