BT's Holiday Plans

7:30 AM -- BT Group plc (NYSE: BT; London: BTA) has come up with an innovative way to cut staff costs while it tries to regain a solid financial footing: It's offering staff the chance to take an extended vacation, but with a significant pay cut. See this Daily Telegraph story for more details.

The U.K. carrier has already announced a series of other cost-cutting measures, including headcount reductions, a salary freeze, and reduced capex. (See BT Cuts Jobs, Capex .)

BT has clearly been giving a lot of thought as to how its human resources strategy can help reduce operating costs: The operator recently announced a new service for its corporate customers, called Sustainable Workforce Assessment.

According to BT, its specialist team "engages with organisations that have HR issues ranging from workforce costs, financial targets, skills enhancement and employee engagement to talent management and retention... [Sustainable Workforce Assessment is] a unique service that helps large corporates and public sector organisations improve staff morale and help reduce costs."

— Ray Le Maistre, International News Editor, Light Reading

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