BT slashes sales outlook and axes another 2,000 jobs in ongoing overhaul

Telecoms giant BT has cut its annual sales outlook and revealed another 2,000 jobs have gone under its ongoing plan to slash costs (PA) - (PA Wire)

Telecoms giant BT has cut its annual sales outlook and revealed another 2,000 jobs have gone under its ongoing plan to slash costs.

The group reported a 10% drop in pre-tax profits to £967 million for the six months to September 30 as revenues fell 3% to £10.1 billion amid a “competitive retail environment”.