By Amanda Andrews Last Updated: 7:36PM GMT 31 Oct 2008
BT is expected to cut thousands of jobs worldwide in its Global Services division following a disappointing performance in the second quarter, forcing the telecoms group to sound a shock profits warning and raising doubts about the dividend.
BT Group Chief executive Ian Livingston has drafted in group finance director Hanif Lalani as Global Services chief executive with a remit to cut costs, following the resignation of Francois Barrault. BT has still to find a replacement for Mr Lalani, who will be assisted by Ray Leclercq, the chief executive of BT's Openreach and an experienced cost-cutter. Mr Leclercq will become chief financial officer of the troubled division.
http://www.telegraph.co.uk/finance/newsbysector/epic/btdota/3332017/BT-to-axe-thousands-after-shock-profits-warning.html
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