BT CEO Philip Jansen has committed to no job losses related to the coronavirus crisis for the foreseeable future, and confirmed a pay increase for key and non-managerial workers, and a pay freeze for managers.
All employees will receive £500 worth of BT shares in June and Jansen is to donate his salary for at least the next six months.
The ‘yourshare’ scheme amounts to around a £50m investment this year in making all BT Group colleagues shareholders in the company.
“BT is stepping up, standing by the country in this time of need and standing by our people who are working to keep everyone connected, safe and working," he stated.
"I have been proud of the commitment shown by BT colleagues to support our customers in the last few weeks and want to recognise that.
"This is an unprecedented situation and I want to give our people some certainty about the months ahead. This period requires sacrifices from us all, and I want our people to know we are all in this together.”