BT Fleet future uncertain

Alongside the management problems of the last re-organisation, BT Fleet is struggling to hold on to work. Speculation about a sell off is everywhere given the BT management attitude to some parts of the organisation.

BT wields the axe – facilities first

In a rerun of activities early in the millennium, BT is looking to cut its way to financial success. Following the chopping of staff pensions, next is the attack on ‘non core’ assets. Last time O2 was sold and almost everything else threatened. First this time around  is BT Facilities – only brought ‘in house’ a few years ago. Management plan to sell it to CBRE and ISIS. Rumour is rife as to what is next -  anything could be classified ‘non core’.

BT Pension changes

The end of June saw the closure of the BT Pension Scheme, with members transferring into the BT Retirement Saving Scheme. However part of the union agreement was the setting up of a ‘hybrid’ scheme, which allows for part of pay to be treated like the old ‘career average’ scheme. The new scheme should start April 2019.