BT Chief Executive Philip Jansen has decided to donate his salary to the NHS Charities Together Covid-19 appeal for at least the next six months.
“BT is stepping up, standing by the country in this time of need and standing by our people who are working tirelessly to keep everyone connected, safe and working,” said Philip Jansen. “I have been extremely proud of the commitment shown by BT colleagues to support our customers in the last few weeks and want to recognize that. This is an unprecedented situation and I want to give our people some certainty about the months ahead. This period requires sacrifices from us all, and I want our people to know we are all in this together.”
Annual Pay Increase
BT has also announced that, whilst ongoing transformation programs will continue, no employee will lose their job in the foreseeable future – at least the next three months – as a direct result of changing trading conditions brought about by coronavirus. Throughout the same period, BT will continue to pay all employees’ salaries in full and – in line with its commitment to maximize support to the UK’s national effort – will not put any staff on publicly-funded ‘furlough’.
To recognize these frontline key workers, who are doing so much to keep the UK connected through the crisis, BT has also decided to offer an annual pay increase of 1.5% effective from 1 July 2020 to its team members (non-managerial staff) in the UK. At the same time, BT has decided not to make an annual pay increase to its managers in 2020/21.
BT also reconfirms its previous commitment to make an award of £500 worth of BT of shares to all employees in June. The ‘yourshare’ scheme amounts to around a £50m investment this year in making all BT Group colleagues shareholders in the company.