BT to Cut 13,000 Jobs and Move out of Central London HQ

BT to Cut 13,000 Jobs and Move out of Central London HQ
The logo for the British Telecom group is seen outside of offices in the City of London, Britain, Jan. 16, 2017. Reuters/Toby Melville/File Photo
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LONDON—BT will cut 13,000 managerial and back-office jobs and move to a smaller London base in the latest attempt by the boss of Britain’s biggest telecoms group to rebuild from an accounting scandal and multiple pressures on its business.

Chief Executive Gavin Patterson said radical action was “absolutely critical” to ensure BT could deliver the next-generation fiber and mobile networks Britain needed.