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BT in bid to cut staff pay
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=1611		 Page 1 of 1
Author:  MrStevenRogers [ Sat Jul 04, 2009 12:21 pm ]
Post subject:  BT in bid to cut staff pay
Quote:
BT is asking its staff to take a 75% pay cut in return for long-term holidays to help the company ride-out the recession.
British Telecom is offering workers the chance to take a year off if they accept a fraction of their salary as an upfront payment.


BT another Great British company (along with BA)
mediocre management again destroying the work force because of their failed management practices

why don't all the senior management who created this work for a year without pay, pensions, expenses, bonuses, shares, holidays and any other perks that they have too put the company back on track instead of taking their management mistakes and failures out on the work force

or better still get a long tow rope tie it around their neck(s) and do the right thing …

http://business.timesonline.co.uk/tol/b ... 636236.ece
Author:  MrStevenRogers [ Sat Jul 04, 2009 3:26 pm ]
Post subject:  Re: BT in bid to cut staff pay
bit of an update regarding BA …

Quote:
Mr Walsh's pay package is to receive a 6 per cent increase in pay this year, to £743,000. He is also eligible for a bonus of up to £1.1 million that will be paid in shares.

BA has proposed a series of cost-cutting measures, including a pay freeze and reduction in allowances and benefits as it battles the severe downturn in the airline industry.

More than 2,500 jobs have already gone at BA in the past year. BA's pilots have also agreed to 100 voluntary redundancies.

In May the airline revealed that it slumped to a £401 million loss last year - the worst loss since 1982. BA made a profit of £992 million in 2007-08.


i would happily work for a month with no pay to ensure that senior management got there pay rises and bonuses … not …

http://business.timesonline.co.uk/tol/b ... 631361.ece
Author:  DaftFunk [ Sun Jul 05, 2009 6:25 pm ]
Post subject:  Re: BT in bid to cut staff pay
If the top execs of BT took a pay cut that would mean hundreds of workers wouldn't have to take a cut. Lets face it most of the big paid employees would be able to survive longer than the guys at the bottom, who would struggle missing a months pay.

Maybe if BT improved their services and practices they would re-gain customers.
Author:  Linux_User [ Sun Jul 05, 2009 7:23 pm ]
Post subject:  Re: BT in bid to cut staff pay
DaftFunk wrote:
If the top execs of BT took a pay cut that would mean hundreds of workers wouldn't have to take a cut. Lets face it most of the big paid employees would be able to survive longer than the guys at the bottom, who would struggle missing a months pay.

Maybe if BT improved their services and practices they would re-gain customers.


Exactly, all these CEOs who are "giving up" a month's salary/their bonuses know that they can easily survive without it. TBH if I was an employee where my salary just about covered the mortgage, the bills and my family I'd not only think twice about giving up a month's salary, I'd want to see the CEO give up at least his annual salary (where the impact on our lives would be much more similar) I'd expect something back from the company when it was in the good times again.

As it stands, I expect BA and BT will demonstrate [LIFTED] all appreciation for those staff who did volunteer to "work for free".
Author:  DaftFunk [ Sun Jul 05, 2009 8:59 pm ]
Post subject:  Re: BT in bid to cut staff pay
It would make more sense for them to offer something in return, like shares (although that's not always the best thing to have) or that they will be paid the following year (with a caveat that if they leave the company the money is paid in full at the time of leaving.
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