BT offers special bonus to reward frontline and key workers

BT today announced that it will offer a special bonus of £1,500 to frontline workers in order to recognize their efforts during the pandemic.
BT broadband for homes

# £1,500 special bonus for frontline colleagues and key workers
# To pay £1,000 in cash and £500 in shares after 3-years
# Equates to a bonus of 5 percent of average front line salary in the UK

This offer is equivalent to about 5 percent of the average salary. It is being made despite BT freezing pay across the company and ongoing, unresolved discussions with the trade unions over its transformation and modernisation plans.

BT chief executive officer Philip Jansen said: “Our frontline colleagues and key workers have been true heroes, keeping everyone connected in this most difficult time. We will do everything in our power to reward our frontline colleagues.”

There will be no change to BT’s full year financial outlook as a result of this team member bonus payment.

Latest

More like this
Related

Who’s Carlos Posa Albert, the new CEO of Bluevia?

Carlos Posa Albert is the newly appointed CEO of...

Europe probes Google-Meta ad partnership targeting teens

European regulators are intensifying scrutiny over a now-terminated secret...

Spending on broadband equipment to recover: Dell’Oro

In Q3 2024, the global Broadband Access equipment market...

Comcast predicts larger broadband subscriber losses

U.S. telecom giant Comcast has warned that there will...