BT has guaranteed that no employees will be laid off or...

BT has guaranteed that no employees will be laid off or furloughed, and has granted 58,000 frontline workers, such

as engineers and key personnel, a 1.5% salary increase, while managers’ incomes have been capped.

Philip Jansen, the first publicly confirmed FTSE 100 CEO to be diagnosed with Covid-19, has pledged to give his

salary to the NHS Charities Together Covid-19 appeal and affected small companies in his local region for the next

six months. Jansen’s base salary, before performance bonuses, is £1.1 million per year.

The company said:

No worker will lose their job due to the coronavirus-induced changes in trading conditions in the near future, at least

not for the next three months.

According to BT, the 1.5% wage increase that takes effect on July 1st applies to all “team workers” among its 85,000

UK employees, or about 58,000 of whom are frontline key workers. Approximately 26,000 managers will have their

salary frozen for this fiscal year, according to BT. There are about 16,000 employees in BT’s global business who are

not key workers, and so are not eligible for the 1.5% pay increase for key workers.

The business also intends to provide its 100,000 employees with the £500 in shares that it promised them in June as

part of its new “yourshare” program, which.

BT has guaranteed that no employees will be laid off or furloughed.