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In the Bill of Human Rights of Cyrus the Great, we read:Freedom and tolerance of thought, speech, religion; choice of place of residence, coming and going, jobs and professions, will be on equal terms and conditions for everyone.No inquiry, injustice or harassment is allowed to be done to anyone.In this way Cyrus says that I have sown the seed of amity, friendship and affection among nations and have granted the people peace of mind, security, tranquility and comfort. From Cyrus the Great, King of Iran, sixth century B.C. http://www.youtube.com/watch?v=bGRwzAlQbXE&feature=related toxic skies 10 PARTS EVERY ONE MUST SEE PASS IT ON. http://www.blogtalkradio.com/EAGELS-OF-USA1- The alternative 'Patriot' news world is thoroughly penetrated and controlled by agents and operatives... from talk shows and net sites, to documentary producers and columnists. Beware
Date / Time: 5/15/2009 6:04 PM UTC
By Rupert Neate Last Updated: 9:25AM BST 14 May 2009
BT Group
Ian Livingston, the chief executive, said the company had been dragged down by the “unacceptable” performance of its Global Service division, which provides IT infrastructure to multinational companies and Government departments.
Billions of pounds of writedowns at the division has left BT with a pre-tax loss of £134m for the 12 months to March 31 compared with a £2bn profit last year.
The problems at the division have spurred Mr Livingston into radical cost-cutting measures. The company told shareholders today that it cut 15,000 jobs last year and plans to eliminate another 15,000 this year
Mr Livingston said: “Three out of four of BT's lines of business have performed well in spite of fierce competition and the global economic downturn. However this achievement has been overshadowed by the unacceptable performance of BT Global Services."
The Communication Workers Union slammed the mis-management of the Global Services Division for causing the cuts but hoped that the company could now put the episode behind it.
BT's final dividend was dramatically reduced to 1.1p, down from 10.4p last year, in an attempt to save cash. The group’s pension fund deficit increased to £4bn, compared to £2.8bn last year. BT has agreed with trustees to increase its annual contributions to £525m.
Shares in BT, which fallen almost 60p in the past 12 months, were down half a penny at 93.5p.
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