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BT response RE Altice
FAQs: Altice update
What has happened?
We have received notification from the Secretary of State for Business, Energy and Industrial Strategy (BEIS) that he has considered the increase by Altice UK of its shareholding in BT Group from 12.1% to 18% and is exercising his call-in power under section 1 of the National Security and Investment Act 2021. BT Group will fully cooperate with this review.
What does this mean?
In December 2021, Altice – a multinational telecommunication organisation – increased its shareholding in BT Group from 12.1% to 18%. BEIS has decided that this warrants a review in line with National Security and Investment Act 2021. The Act came into force earlier this year to give the government the ability to protect national business assets from being compromised by foreign investment. It gives the government powers to scrutinise and intervene in business transactions, such as takeovers, to protect national security, while providing businesses and investors with the certainty and transparency they need to do business in the UK.
Why has this happened now?
This is a process driven by the UK government and we have not been involved. Under the Act, the Secretary of State can review transactions that he reasonably suspects may have given rise to a risk to national security. The legislation is new and we do not know why it has been decided to be reviewed at this particular time. It is for the Secretary of State to determine what, if any action to take, in the course of their review.
What happens next?
We will wait to hear from BEIS and cooperate fully with the review. It won't affect how BT operates. The business has positive momentum as evidenced by our recent FY financial results and we remain focused on the successful execution of our strategy.
From the CWU
IMPORTANT UPDATE FOR ALL BT MEMBERS - PLEASE SHARE
BT Announce transfer of BT PLC Consumer to EE
It has been announced by BT today that EE will become its flagship brand and all future Consumer marketing will be based on EE products. As part of these changes it is their intention to transfer all BT PLC Consumer employees into EE under a TUPE.
We appreciate that this will cause uncertainty and concern for members. The CWU National Team want reassure members that we will do everything in our power to protect your terms and conditions, collective agreements and future employment.
It is our intention over the coming weeks to keep members updated on the progress of discussions with BT and that you are fully informed and involved throughout.
Should you need any advice or support following this announcement please contact your local branch who will be able to assist you.
At this time it is vitally important that everyone is a member in both EE and BT, please encourage all your colleagues who are not in the CWU to join by visiting https://www.cwu.org/join-us/ or contacting your local branch.
Andy Kerr Stephen Albon
DGST National Officer
But BluePete this pay offer will be the third year in a row , of below inflation pay settlements.
Jansen pleads the same line every year , people are just tired with it now.
Lets see how the ind ballot goes.
Bills in general are going up by about £2000 this year , his offer is not good enough
fleccy , Our bills will be rising by 7 -10% this year , i heard this morning this high inflation will last 3 years.
The time to strike is now , (even though i own 27000 shares . 11, 000 of which are in share save 20)
Rogue employers are taking advantage in these troubled times
Message today from Phillip Jansen to all BT group team members , he has completely ignored the union negotiation , and gone rogue
Over the past few weeks, we’ve been working hard to determine this year’s Team Member and frontline colleague pay award, ensuring it’s the best possible pay increase we can afford. We’ve been listening to your views and speaking with the Communication Workers’ Union (CWU) in an effort to arrive at an outcome that reflects the enormous effort and hard work of the last year, takes into account the rising cost of living, and protects the long-term health of our business.
Today, I’m pleased to let you know that eligible Team Members and frontline colleagues will receive a £1500 pay rise, effective 1 April 2022.
The principles we applied are:
• To give the best Team Member and frontline colleague pay rise we can. This is the biggest pay rise we’ve given in over 20 years.
• To pay the increase as soon as possible. That means it’s effective from 1 April, and your new, higher salary will be paid to you at the end of this month.
• To give a pay rise this year, not a cash bonus. You’ll get a consolidated increase directly into your salary, paid every month from now on.
• To make sure the pay rise makes the biggest difference to those who need it most. The pay rise means an increase of up to 8% for some of our people, and more than 3% for even our highest paid Team Members, which is still above the UK average.
• To be competitive. Our current pay rates compare well against the competition and we want it to stay that way. This pay rise is at the upper end of what other companies are awarding.
Our union partnership
I’m sorry to say we weren’t able to agree this pay rise with the CWU. We’ve been talking to them extensively over the past few weeks and I was hopeful we could reach an agreement, but we didn’t get there. However, hearing all of your feedback, the two most important principles for me and my team were firstly to give the best pay rise we could – which this is, and second to pay it as soon as we could – which we are.
The CWU remains a key partner for us, and we will keep talking to them about pay and other important topics for our Team Members and frontline colleagues in the future, but on this occasion, it wasn’t right to wait.
Looking ahead
I absolutely believe the best is yet to come for BT Group – we’re working hard right across the company to get back to growth, so everyone can benefit from that in future years.
Thank you
Philip
The Communication Workers Union
34 mins ·
IMPORTANT UPDATE FOR BT/Openreach/EE MEMBERS
The CWU have rejected the pay offer from BT. We have no choice now but to immediately prepare for a statutory industrial action ballot.
We will be sending further communications directly to members via email later today. We will also continue to share communications on social media.
Why has that out of date article suddenly appeared. It even mentions Gavin Patterson , he has been gone for at least 2 years.
Is someone deliberately trying to sabotage the BT share price?