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| BT to shed 10,000 jobs by March | BT to shed 10,000 jobs by March |
| (10 minutes later) | |
| Telecoms group BT says it expects to have cut 10,000 jobs by the end of the financial year. | Telecoms group BT says it expects to have cut 10,000 jobs by the end of the financial year. |
| The cuts will mainly affect agency and contract staff and offshore workers, the company said. | The cuts will mainly affect agency and contract staff and offshore workers, the company said. |
| The job losses come as the firm announced a 11% fall in pre-tax profit for the July to September quarter. | The job losses come as the firm announced a 11% fall in pre-tax profit for the July to September quarter. |
| The company said it had already cut 4,000 jobs, leaving a further 6,000 to go by the end of March. BT has a global workforce of 160,000. | The company said it had already cut 4,000 jobs, leaving a further 6,000 to go by the end of March. BT has a global workforce of 160,000. |
| BT said that three of its four main business units were performing well, but said profits at its global services division "were simply not good enough". | |
| "We are taking decisive action to put matters right," said Ian Livingston, BT's chief executive. | |
| The firm said it had already replaced the head of the division. |