BT workers share £160m profits

BTThousands of workers at telecoms giant BT are sharing profits of around £160 million under the company's save-as-you-earn share scheme.

The 20,000 employees in the three-year savings scheme will receive an average profit on their savings of £8,000 each.
BT workers who joined a five-year savings scheme will be given details of their profits in two years' time.

Almost a quarter of BT's employees signed up to share-save programmes three years ago when the company's share price was much lower than it is today.

A BT spokesman said: "BT was in poor shape three years ago and whilst we still have a lot to do, it's really pleasing that our people are benefiting from the company's turnaround.

"People could have left the business three years ago but the majority of our people put their faith and hard-earned cash into the company and so it is fantastic that tens of thousands have had their faith repaid this summer."

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