BT Group has mentioned it’s going to lower as much as 55,000 jobs by the tip of the last decade as a part of plans to considerably lower prices and overhaul its workforce.

The information comes as the corporate stories a 12 per cent drop in pre-tax income of £1.7bn for the yr to April.

In its outcomes for the yr as much as 31 March, it revealed plans to cut back its “complete labour useful resource” from 130,000 to 75-90,000.

BT mentioned that after its full fibre broadband and 5G community is rolled out, it is not going to want as many workers to construct and preserve the community.

The job cuts are anticipated to have an effect on BT employees and third-party contractors.

Chief govt Philip Jansen mentioned: “By persevering with to construct and join like fury, digitise the way in which we work and simplify our construction, by the tip of the 2020s BT Group will depend on a a lot smaller workforce and a considerably lowered value base. New BT Group will probably be a leaner enterprise with a brighter future.”

Mr Jansen added that BT could be working with its union companions all through the job cuts and would additionally depend on pure attrition – when an worker leaves the corporate however is just not changed.

BT has already launched a cost-cutting plan, which it mentioned has achieved value financial savings of £2.1bn since April 2020 towards a £3bn goal.