CWU welcomes strong BT results
10th May 2012
CWU welcomes BT's strong annual results today
(Thursday) which show profits, cash flow and dividends up
significantly on last year. The telecoms union says that CWU
members have been instrumental in securing the company's
financial recovery and welcomes the confirmation of further
investment and UK job creation through fibre broadband rollout.
Andy Kerr, CWU deputy general secretary,
said: "We warmly welcome this strong set of results which are
good news for the company, its employees and its shareholders.
"CWU members have been instrumental in securing BT's
financial recovery since the difficulties in 2009, and we welcome
Ian Livingston's tribute to CWU represented employees who he
said have 'worked tirelessly' on broadband and 'deserve
lots of credit'.
"BT's continued investment in fibre broadband is also
great news for customers, jobs and services. Our members have
helped to bring fibre to 10 million premises across the UK months
ahead of schedule at a time when the UK Government's plans for
growth and broadband investment are being widely criticised as
inadequate. Yesterday's Queen's Speech was woefully lacking
in any growth agenda for the economy so it's important to see a
major UK company like BT having the foresight to invest in the
"We'll continue to work with BT with the aim of
ensuring that ongoing investment in broadband translates into jobs
and skills both now and for the future."
CWU is the biggest union in the telecoms sector and represents engineers, call centre staff and other non-managerial grades in BT Group.