Link to this page:

From The Socialist newspaper, 19 November 2008

BT slashes 10,000 posts

'We're not taking these job cuts'

Super-rich bailed out by public purse while the rest of us are sinking, photo Suz

Super-rich bailed out by public purse while the rest of us are sinking, photo Suz

BT's recent announcement of 10,000 job cuts, as well as the loss of pension benefits, is an attempt by senior management to offset their poor performance. It seems that playing with people's lives is fair game when you are trying to boost the company's share price.

Bernard Roome, Communication Workers Union (CWU) national executive member, personal capacity

This is the latest in a long line of attempts to try to make BT look good to the City. This latest announcement comes on the back of their failure to make the 15% increased profitability target for Global Services that they had promised to the City three years ago. That had been seen as the growth engine of BT.

There was never any real chance of achieving the goal but it allowed management to put off the day when the City lost confidence and the shares crashed. This has now happened.

The shares recently fell below the initial price when BT was privatised over 20 years ago. This is a shining example of a national asset being devalued when placed in private hands.

Now, instead of promising growth they offer job cuts. Of the 10,000 job cuts announced, 4,000 have already gone. There is a growing number of full time BT employees in the UK being placed in redeployment units without any prospect of jobs in the near future. And work is still being sent abroad.

The CWU, along with other trade unions, has been part of what seemed to be a successful campaign to get agency workers the same terms and conditions as those people who had full-time contracts. This can now be seen as a pyrrhic victory as BT cuts agency jobs.

Now, agency workers will not receive the terms that they deserve. After in some cases, many years of working for BT, they will also lose their jobs.

There is no doubt that the CWU's policy of balloting for industrial action if BT announce even one compulsory redundancy has prevented the full brunt of the attacks being placed on BT employees. But the number of people being 'managed' out of the company due to 'performance' is increasing.

There is an urgent need to ensure that CWU members are prepared to take action to support their fellow workers who could be sacked due to the company's failure to manage properly. It is those same managers, only one of whom has been sacked, who continue to receive massive salary packages at the same time as low-paid agency workers lose their jobs.

While in the short term there is a need to organise to prevent workers from being thrown out of work, the BT announcement came only days after Virgin Media announced over 2,000 job cuts. The only real solution to the continuing failure of the market system to provide a secure telecoms and IT sector is to bring the industry back into public ownership, this time under democratic control.

The vultures are circling

I received a phone call the other day from the estate agent that arranged my current mortgage. The woman I spoke to said that they had been trawling their records since the credit crunch began checking that people had the correct products.

To be specific she noted that I didn't have redundancy cover on my mortgage and asked if I would be interested in it.

The fact that I work for BT will be on my customer file and this phone call came the day BT announced 10,000 job cuts. I don't believe that the phone call was randomly timed, it is much more likely that my mortgage provider was cynically trying to drum up business to restore their profits after the housing crash.

Capitalism messes things up, scares us and then aims to make money by taking advantage of the fear and insecurity caused. One more reason for nationalising the entire finance sector.

Clive Walder, Birmingham, Socialist Party

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.

In The Socialist 19 November 2008:

No Job Cuts

'We're not taking these job cuts'

Programme of action to fight unemployment is needed

JCB: Pay cuts haven't saved our jobs!

Post office closures

U-turn over post office card account

Stroud post office saved!

Coventry fights post office closure

Lewisham housing: Arguments against privatisation win

Fast news

Socialist Party workplace news

Drop the witch-hunt in Unison fight to Defend trade union democracy

Scotland: Unison local government: Close vote on pay

Dover port workers strike

Unite/Amicus general secretary election

In brief

International socialist news and analysis

World food crisis: A systemic failure of capitalism

Democratic republic of Congo: Civil war erupts once again

G20 conference: Summit for nothing

USA: Challenging the two parties of big business

First ever all-Germany school students' strike

Eyewitness report: Italian students occupy

Socialist Students

Student democracy under attack

Privatisation = FE college students suffer


Social workers say: investment needed

Sacked for being pregnant!


Facebook   Twitter

Home   |   The Socialist 19 November 2008   |   Join the Socialist Party

Subscribe   |   Donate   |   Bookshop

Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Related links:


triangleWorkplace news in brief

triangleWorkplace news in brief

triangleMost important TUC Congress for decades

triangleJoin the NSSN lobby of TUC Congress

triangleRoyal Mail union rep sacked - reinstate John now!


triangleCWU telecoms oppose Openreach changes

triangleTV football deal: Reclaim the game for the fans

triangleBroadband giants' expensive battle

triangleCWU Telecoms leaders get consent for BT pay cuts

Agency workers:

triangleTraffic wardens strike for sick pay

triangleStanding in line, hoping for work

triangleCare home scandal: When profit comes first...


triangleTeachers need national action

triangleBT CWU members vote for strike action in latest consultation


triangleThem & Us

Reports and campaigns

Reports and campaigns



Come to Socialism 2015


The Socialist

Subscribe to a paper by workers, for workers


Socialist Party

Give us the resources to defeat the Tories


Socialist Party

Why you should join the socialists



Kazakhstan: workers solidarity action


Fire service

Anger and protest against fire service cuts in Leicestershire



Campaign Kazakhstan protest: Kaz Minerals



Labour cuts school crossings


Waltham Forest

Tower block residents defend homes


Mental health

Notts NHS trust closing more mental health units



TUC debates action to defeat anti-trade union bill


Socialist Students

Organise the student fightback!



Workplace news in brief



Traffic wardens strike for better pay



London protesters demand affordable housing

triangleMore Reports and campaigns articles...

triangle30 Sep EU ministers squabble while refugees drown

triangle30 Sep Socialism is back!

triangle30 Sep Junior doctors fight government attacks

triangle30 Sep How can we bring down the Tories?

Protesting against school crossing cuts by Derbyshire County Council, photo E Evans

triangle29 Sep Labour cuts school crossings

triangle28 Sep TUSC: Central in the battle for a working class anti-austerity voice

triangle23 Sep Greece: Widespread abstention in election

More ...

triangle4 Oct TUC demonstration against the government's austerity agenda

triangle5 Oct Wirral Socialist Party: History of the Socialist Party

triangle5 Oct Chesterfield Socialist Party: When Liverpool council defeated a Tory government

triangle5 Oct Birmingham Central Socialist Party: Class struggle, feminism and socialism

More ...

Share on Facebook
Share on Twitter
Visit us on Youtube

Find us on Facebook






October 2015

September 2015

August 2015

July 2015

June 2015

May 2015

April 2015

March 2015

February 2015

January 2015



















Platform setting: = No platform choice