BT Pension cuts

Details are still awaited for areas that BT are looking at for potential cuts to BT pensions. The company will be tabling a list of ways they believe costs can be cut to allow them to divert money to shareholders. BT aims to agree cuts by 2018.

Fox takeover of Sky moves closer

Rupert Murdoch’s Fox planned £11.7 billion takeover of Sky (from the current 39% ownership) has slowed again as the government may refer the issue to competition authorities. Issues are still ‘standards’ and ‘media plurality’. Last try was blown apart by the 2011 phone hacking scandal. There is also concern that Sky News could turn into ‘Trump tv’ along the lines of Fox news in the USA.

BT Facilities – pay deal

Members in BT Facilities Services – a subsidiary company from BT covering security, cleaning, and building engineering – have agreed a pay deal. The deal is complex but gives an extra boost to the lowest paid.

BT pay problems

The pay rise recently agreed with BT (which this branch voted against) has become even more controversial as payment is now delayed to October. This is because part of the rise is not pensionable. BT will pay out interim payments at the end of June, which can be from £200 to £750 depending on grade.