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New head of UK's BT telecoms gives each worker 500 pounds worth of shares

New head of UK's BT telecoms gives each worker 500 pounds worth of shares

FILE PHOTO: A BT company logo is pictured on the side of a convention centre in Liverpool northern England, April 9, 2016. REUTERS/Phil Noble/File Photo

LONDON (Reuters) – The new chief executive of Britain’s BT Group said he would award each employee 500 pounds ($641) worth of shares, at a total cost of 50 million pounds, to create a more engaged workforce and improve customer service levels at the telecoms giant.

“I’m asking our colleagues for their commitment to making BT a national champion and I want to give them ownership in our company and a share in our success,” Philip Jansen said on Thursday.

“Placing customers at the heart of BT will only be possible by investing in the lifeblood of the business, our people, giving everyone a stake as we build a better BT for the future.”

Reporting by Paul Sandle; editing by Stephen Addison

Our Standards:The Thomson Reuters Trust Principles.

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