BT winds up graduate recruitment programme: Report
Telecom major BT has closed its graduate recruitment programme amid economic downturn, a move that will see thousands of job losses this year.
By PTI |
LONDON: Telecom major BT has closed its graduate recruitment programme amid economic downturn, a move that will see thousands of job losses this year.
"BT has closed its graduate recruitment scheme amid a cost -cutting programme that will see thousands of jobs shed this year," The Financial Times has reported.
According to the daily, BT has confirmed the closure of its graduate recruitment scheme, a rare step for a blue-chip employer.
"In light of the current economic environment and head count pressures BT has taken the decision to cease graduate recruitment activity. At the present time, there is no timeline for re-entry," the report said quoting BT.
The publication noted that over the past decade such schemes have become increasingly popular, with swelling ranks of graduates fighting over fewer places.
BT had 4,800 applications for its graduate training scheme in 2008-09, up from 3,800 applications in 2006-07. It offered 130 jobs.
Attributing to BT, the daily said it remained committed to its 2009 graduates who start this September for a two-year training programme. In the legal and finance departments the scheme lasts three years.
BT employs more than 100,000 people
"BT has closed its graduate recruitment scheme amid a cost -cutting programme that will see thousands of jobs shed this year," The Financial Times has reported.
According to the daily, BT has confirmed the closure of its graduate recruitment scheme, a rare step for a blue-chip employer.
"In light of the current economic environment and head count pressures BT has taken the decision to cease graduate recruitment activity. At the present time, there is no timeline for re-entry," the report said quoting BT.
The publication noted that over the past decade such schemes have become increasingly popular, with swelling ranks of graduates fighting over fewer places.
BT had 4,800 applications for its graduate training scheme in 2008-09, up from 3,800 applications in 2006-07. It offered 130 jobs.
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Attributing to BT, the daily said it remained committed to its 2009 graduates who start this September for a two-year training programme. In the legal and finance departments the scheme lasts three years.
BT employs more than 100,000 people
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