LONDON (Alliance News) - BT Group PLC has lost a court case to hold onto a GBP160.0 million public sector contract in Cornwall, the Times reported on Tuesday, after a judge ruled that the local authority could back out of the deal.
The 10-year contract involved the transfer of 300 staff to BT, the newspaper said. It was meant to save about GBP18.0 million during the life of the deal and create hundreds of new jobs while protecting existing jobs in Truro. BT would have taken over back-office roles.
http://www.thetimes.co.uk/tto/business/industries/telecoms/article4647017.ece
By Samuel Agini; samagini@alliancenews.com; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
BT (BT.A)