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New head of UK's BT telecoms gives each worker 500 pounds worth of shares

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Christian Fernsby |
Britain   BT

BT’s Chief Executive Philip Jansen has announced a commitment of £50m towards making BT Group colleagues shareholders in the company.

The move is a major step in BT’s ambition to create a more engaged and energised workforce to drive significant improvements in customer service.

The ‘yourshare’ scheme will amount to approximately £50m per year for BT Group colleagues around the world, equating to an initial award value of £500 per employee. The shares will need to be held for three years, a move designed to encourage the long-term thinking and customer focus that will drive the success of the company.

Openreach colleagues’ awards will be aligned to the success of Openreach and its customers to ensure that their independence is maintained.

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