Ex-BT CEO's £3.7m Final Pay Deal And Plan to Cut 55,000 Jobs Revealed

Thursday, 6 June 2024, 14:07
The former CEO of BT, Philip Jansen, is set to receive a final pay deal of £3.7 million despite announcing plans to cut 55,000 jobs. This move has sparked controversy and raised questions about executive compensation during times of significant workforce reductions. The juxtaposition of these two decisions within the same financial year has brought attention to the challenges facing large corporations in balancing profitability and employee welfare.
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Ex-BT CEO's £3.7m Final Pay Deal And Plan to Cut 55,000 Jobs Revealed

Former CEO's Compensation and Job Cuts

Philip Jansen, the former CEO of BT, is slated to receive a final pay package of £3.7 million along with outlining plans to axe 55,000 jobs.

Controversy and Criticism

The decision has ignited controversy regarding executive compensation amidst significant workforce reductions.

  • This juxtaposition highlights the challenges of balancing profitability with employee welfare.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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