Renationalise BT

The Communication Workers Union Clerical Branch in Northern Ireland has proposed a motion to the annual conference in May to re-nationalise British Telecom.

The Socialist spoke to David Bell, proposer of the motion and branch secretary of the CWU NI Clerical Branch.

“BT announced last November 10,000 jobs (or 6% of the workforce) were to be lost. The reason for the massive job losses isn’t because these workers are no longer needed it is because BT want to lower costs so they can increase profits. BT share prices rocketed 12% on the day they announced the job losses.”

“Chief executive Ian Livingston has admitted that BT has a deficit in its pension fund of £5billion. In May 2007, BT announced a £1billion surplus in their pension scheme yet in less than 2 years this has plummeted to a £5billion shortfall!”

“Our union needs to fight for the re-nationalisation of BT so jobs can be protected and the profits being made by BT are used to develop the service for the public good, not to enrich shareholders.”

Total
0
Shares
Previous Article

Death on the rock of Gibraltar

Next Article

Royal Mail: Action needed to stop privatisation

Related Posts

East Belfast: Services under attack

With harsher spending cuts in the pipeline, the Assembly’s current batch of cutbacks are already hitting schools and other educational facilities hard in East Belfast. In July, with construction set to begin, the Education Minister Caitriona Ruane announced that Strandtown Primary School would not be getting the new school building it was promised years ago.

Now in August, Victoria Park primary School has also been told work on its much needed new purpose-built building has been postponed. The fact that these two nearby primary schools have both been denied funding compounds the longstanding neglect of primary education in East Belfast.