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BT union asks minister to ensure any takeover bid protects jobs
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One of the biggest unions representing BT workers has urged the business secretary to ensure any potential takeover bid protects the telecoms company’s 100,000 staff, its hundreds of millions in research spending and the national interest.
Prospect wrote to Kwasi Kwarteng days before BT’s largest shareholderis allowed to make a potential offer under UK takeover rules.
Patrick Drahi, the French-Israeli telecoms billionaire known for cost-cutting at businesses he controls, is free to make his next move from 11 December with the expiry of a no-bid clause that was triggered when he took his £2.2bn stake in June.
Mike Clancy, the general secretary of Prospect, said: “The business secretary must take personal charge of making sure that any proposed
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