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BT Group PLC

BT Group to consolidate its offices across the UK from 300 current locations to around 30 sites

The FTSE 100-listed telecom and broadband provider said Belfast, Birmingham, Bristol, Cardiff, Edinburgh, Ipswich, London and Manchester would be key locations for the group

BT Building
BT, which announced in May 2018 that it would exit its St Paul’s headquarters, said it is currently identifying a new home for the business in London

BT Group PLC (LON:BT.A) revealed on Wednesday that it will consolidate its offices across the UK from 300 current locations to around 30 sites as it moves out of its St Paul's headquarters in the City of London.

In a news release on its corporate website, the FTSE 100-listed telecom and broadband provider said Belfast, Birmingham, Bristol, Cardiff, Edinburgh, Ipswich, London and Manchester would be key locations for the group.

READ: BT upgraded to 'overweight' by Credit Suisse

The group said these will be the first eight of the locations that will house its workplaces of the future as part of a three-to-five-year programme initially announced in May 2018 to improve and consolidate its workplaces across the UK.

The firm announced in May 2018 that would exit its St Paul’s headquarters and said in today’s statement that it is currently identifying a new home for the business in the capital.

It said also that its telephone exchanges will be retained by the group and gave no indication of the impact of the moves on jobs.

BT Group chief executive Philip Jansen commented: “Revealing these eight locations is just the first step; we have dedicated teams working on identifying the best buildings to move into and which ones to redesign for the future.”

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Price: £1.71

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Market Cap: £169.4 m
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