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[crazyjoetavola]

Good for BT I say. They have always had a good HR approach to staff. As I read this due to the Global division LYING about their success - the rest of the company has to pull its horns in. One way of reducing costs without losing the staff skills and knowledge is to let them take an extended break and come back. No doubt the poor beggars staying will have to work even harder. For a lot of older people it might be a brilliant opportunity to look after an ailing relative or do some voluntary work. If you got the 1/4 payment upfront and didn't spend all the daft money on clothes, transport, second car, lunches, convenience foods,waste, parking tickets, speeding fines etc you would probably be little worse off. I would have jumped at it.

I also understand there is a £1000 payment for full time staff who go part time. Makes sense and keeps the skills/knowledge base.

Well done BT I say and I hope the share price improves as a result.

varche

.....seems to be an up to date solution for their apparent problems, varche but will the proposal be used for purposes not so advantageous to their workforce? :-/ :-/

[crazyjoetavola]

Who on here works for BT??

The good news is your company is to give you a year off..........................................The bad news is you will have to take up to  a 75% pay cut during that year!

Are they serious??

..... apparently so, will be interesting to see if this sets a precedent to encourage other large employers :-/ :-/

Is it of benefit to the workforce in the long run however? :-/ :-/

[Varche]

Good for BT I say. They have always had a good HR approach to staff. As I read this due to the Global division LYING about their success - the rest of the company has to pull its horns in. One way of reducing costs without losing the staff skills and knowledge is to let them take an extended break and come back. No doubt the poor beggars staying will have to work even harder. For a lot of older people it might be a brilliant opportunity to look after an ailing relative or do some voluntary work. If you got the 1/4 payment upfront and didn't spend all the daft money on clothes, transport, second car, lunches, convenience foods,waste, parking tickets, speeding fines etc you would probably be little worse off. I would have jumped at it.

I also understand there is a £1000 payment for full time staff who go part time. Makes sense and keeps the skills/knowledge base.

Well done BT I say and I hope the share price improves as a result.

varche

.....seems to be an up to date solution for their apparent problems, varche but will the proposal be used for purposes not so advantageous to their workforce? :-/ :-/

Ah Zulu

The answer to that is quite probably. Like I said the poor beggars staying would have to work harder. These suggestions of flexible working and time off in school holidays are fine but when the phone rings when the person(s) have flexed off the poor beggars left have to answer it and sort out whatever the issue is. Have experienced that first hand. What an initiative like this does is soften up the workforce to the harsh reality of current trading conditions. BT has been managing big staff reductions now for 15 years(?) and doing it quite well.IMHO

v

[cem_devecioglu]

The company I work for is trying to persuade us to take a 5% cut . Despite being a very profitable company

as usual..

[Lizzie_Zoom]

The company I work for is trying to persuade us to take a 5% cut . Despite being a very profitable company

as usual.. :(

Yes Cem how true that is as companies always want to make more money and the easiest way to do this (and I have been a senior manager undertaking such action!) is to cut the wage bill!   Customer service can become, VERY wrongly, a secondary consideration.

I left one company I had worked for for 28 years because of this type of policy as it was no longer true to my principles as a retail manager!!>

[cem_devecioglu]

The company I work for is trying to persuade us to take a 5% cut . Despite being a very profitable company

as usual.. :(

Yes Cem how true that is as companies always want to make more money and the easiest way to do this (and I have been a senior manager undertaking such action!) is to cut the wage bill!   Customer service can become, VERY wrongly, a secondary consideration.

I left one company I had worked for for 28 years because of this type of policy as it was no longer true to my principles as a retail manager!!>

the crunch give them more reason to abuse..

[ascona boy]

Who on here works for BT??

The good news is your company is to give you a year off..........................................The bad news is you will have to take up to  a 75% pay cut during that year!

Are they serious??

Great.

It took me 3 weeks from being made redundant to getting a job offer, for a temp contract job 50 weeks on 150% my previous wage. 

Click on www.reed.co.uk and click temporary jobs

(Mine came via jobsite and I applied at 2 in the morning after I couldn't sleep)

[ascona boy]

Would the one's with young children also qualify for child tax credit to bump wages back up.
I dont have kids so sorry if i am saying something that isnt correct.

Yes they would qualify Skruntie.
The fact BT is paying the employees means they are still employed, albeit on much lower wages....so they can claim much more in benefits (quite legally).....and still be OK.

Tell ya what, I'd love to be a BT employee right now on the reduction.....because I could make so much more, and wouldn't have to lift a finger.

Nope, and er yes. can't claim the working tax credit as not working over 16 hours but will be able to claim some child tax credit based on income.

Remember this may be dole level pay,but none of the other benefits like Council tax benefit, or housing benefit.
If it were me, I could not live on that, would have to take another part time job or try and do a deal with the building society.  Interesting

Don't get me started on the benefit system.

The advice the CAB gave us was :
1) Saving up so your clever kids can go to university was stupid as you won't get break all, as you have saved too much. (Don't own a wide screen TV, or have a sky dish or a new car because we've saved for 10 years) until you've spent all your savings on living.
2) If you pay off your mortgage and they find out you made yourself intentionally poor, they'll treat it as low level benefit fraud and you still won't get break all.

So on the day I was offered a new job, we paid off a half of our mortage, so that if it happened again we won't be in the same position again.

Any spare cash from new job will go into a safe in cash !!!