BT Group PLC BT CONSULTS ON TRANSFER OF EMPLOYEES TO OPENREACH (5104V)
July 24 2018 - 4:15AM
UK Regulatory
TIDMBT.A
RNS Number : 5104V
BT Group PLC
24 July 2018
24 July 2018
CREATION OF A MORE INDEPENDENT OPENREACH NEARS COMPLETION, AS BT
GROUP CONSULTS ON TRANSFER OF 31,000 EMPLOYEES
The creation of a more independent Openreach Limited is nearing
completion, after BT Group today announced significant progress by
starting formal consultation on the transfer of around 31,000
employees to the new legally separate business.
As reported by industry regulator Ofcom last month, BT has been
taking positive action since March last year, creating the separate
legal entity Openreach Limited, with its own independent board and
strategy which serves all of its customers in the communications
market equally. There has also been progress in other areas, such
as removing 'BT' from branding, putting in place compliance
procedures, and carrying out staff training on the changes.
The consultation with unions and employees is due to finish by
the end of September, with a planned transfer to Openreach Limited
on 1 October 2018. This is the final phase in the creation of a
more independent, legally separate business, focused on investing
to ensure Britain remains at the forefront of digital
communications.
BT Group chief executive Gavin Patterson commented:
"We are absolutely committed to giving Openreach greater
strategic independence and ensuring it delivers the connectivity
and service that homes and businesses across Britain need.
"We welcome Ofcom's confirmation in June that we're making good
progress towards legal separation, and are now delivering the final
stage of what was agreed under the Digital Communications
Review.
"Openreach now has its own Board, greater strategic and
operational independence, and a separate brand. From October it
will also have its own, independent workforce.
"We will work with our partner unions to ensure a smooth
transition to Openreach. It is an exciting time to join the company
as it invests heavily in front-line customer service and spearheads
the rollout of Britain's next-generation digital
infrastructure."
-ends-
Notes to Editors:
The transfer is achieved through a transfer under The Transfer
of Undertakings (Protection of Employment) Regulations 2006 (SI
2006/246) "TUPE". TUPE sets out the information and consultation
approach as well as various employee rights such as continuity of
employment and protecting terms and conditions.
For further information
Enquiries about this news release should be made to the BT Group
Newsroom 020 7356 5369. From outside the UK dial + 44 20 7356 5369.
All news releases can be accessed at our web site. You can also
subscribe to receive all BT announcements here and you can follow
us on Twitter here.
About BT
BT's purpose is to use the power of communications to make a
better world. It is one of the world's leading providers of
communications services and solutions, serving customers in 180
countries. Its principal activities include the provision of
networked IT services globally; local, national and international
telecommunications services to its customers for use at home, at
work and on the move; broadband, TV and internet products and
services; and converged fixed-mobile products and services. BT
consists of four customer-facing units: Consumer, Enterprise,
Global Services and Openreach.
For the year ended 31 March 2018, BT Group's reported revenue
was GBP23,723m with reported profit before taxation of
GBP2,616m.
British Telecommunications plc (BT) is a wholly-owned subsidiary
of BT Group plc and encompasses virtually all businesses and assets
of the BT Group. BT Group plc is listed on stock exchanges in
London and New York.
For more information, visit www.btplc.com
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END
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