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BT to slash 10,000 jobs
BT is expected to announce it is axing more than 10,000 jobs today on top of a similar cull last November.
The telecoms giant is also set to unveil writedowns of more than £1bn at its global services division, heavily reduced profits and a huge pensions deficit. The jobs news will further add to fears over unemployment.
BT is also expected to significantly cut its dividend.