Link to this page: http://www.socialistparty.org.uk/issue/557/6615

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 squashdonkey.co.uk

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

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


Interviews

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:

CWU:

triangleHuge profits for BT and Royal Mail, cuts and attacks for workers

triangleWorkplace news in brief

triangleYorkshire Shops Stewards Network conference 2016

triangleReinstatement victory for John Vasey

triangleCWU rep reinstated

BT:

triangleCredit calls

triangleSolidarity with sacked BT worker

triangleReinstate sacked CWU reps

triangleCWU rep sacked

Agency workers:

triangleTrade unions: myths of EU 'Remain' campaign

triangleWorkers dig in for fight over job threat

triangle80 ambulance calls in two years for exhausted Sports Direct staff

Performance:

triangleTeachers force Tory academies u-turn

triangleOne-woman tragedy's fiery call for revolution

Shares:

triangleThem & Us

Reports and campaigns

Reports and campaigns

27/5/16

Sheffield

BIS office closure: Anger and determination to fight on

27/5/16

EU

June meetings on the EU Referendum

27/5/16

Kazakhstan

Solidarity with protesters in Kazakhstan

25/5/16

UCU

University lecturers strike for fair pay

25/5/16

Wales TUC

Motion passed for no-cuts council budgets

25/5/16

NSSN

Link the strikes - come to the NSSN conference

25/5/16

BMA

Tories forced back in junior doctors' dispute

25/5/16

Union

Workplace news in brief

25/5/16

Conductors

Train conductors strike to keep their role

25/5/16

Them & Us

Them & us

25/5/16

Lancashire

Chorley A&E battle

25/5/16

Coventry

Coventry sees off EDL

25/5/16

Environment

Boris hid killer air report

25/5/16

Socialist Party

Fight to win: join the Socialists!

25/5/16

Waltham Forest

Campaigning for a people's plan for Waltham Forest

triangleMore Reports and campaigns articles...

triangle27 May BIS office closure: Anger and determination to fight on

triangle25 May Austria - Hofer defeated, but far-right threat remains

triangle25 May EU referendum can bring the Tories down

triangle25 May University lecturers strike for fair pay

triangle25 May Motion passed for no-cuts council budgets

triangle25 May Link the strikes - come to the NSSN conference

triangle25 May Tories forced back in junior doctors' dispute

More ...

triangle31 May Bristol TUSC: The socialist case against the EU

triangle31 May Liverpool Socialist Party: The 1916 Easter Rising

triangle31 May Chesterfield Socialist Party: Hillsborough & Orgreave

triangle1 Jun Salford Socialist Party: Leveson, Murdochgate and the press

More ...

Share on Facebook
Share on Twitter
Visit us on Youtube

Find us on Facebook

Archive

Categories

1-9 

1-9 


Archives:

May 2016

April 2016

March 2016

February 2016

January 2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice