BT Group PLC (LSE:BT.A) is to outsource 300 jobs to GXO Logistics Inc as part of a shake-up of its supply chain.
The telecoms group will hand over the running of its core warehouse and transport capabilities, with 300 staff transferring to GXO under a transfer of undertakings or “TUPE” agreement.
A further 300 third-party agency support roles will continue tas they are.
“Our partnership with GXO brings us to an important milestone in our transformation programme as we simplify BT,” said Cyril Pourrat, Chief Procurement and Supply Chain Officer.
BT Group announced it was restructuring its supply chain and procurement operations in 2021 to modernise and bring down costs.
In November, the FTSE 100 group said it had reached its £1bn cost savings target 18 months early and brought forward its target of £2bn of savings to the fiscal year 2024.
BT shares today rose 1% to 199.3p.