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’.