BT staff receive £160m payout

THOUSANDS of staff at BT pocketed thousands of pounds in payouts yesterday as the telecoms operator’s three-year share scheme matured, leaving workers with an average of £8,000 each.

Twenty thousand employees – a third of total staff – enrolled in the scheme when BT’s share price was half as high as yesterday’s £2.16.

They took a £160m profit on an initial £80m. Other staff took up a five-year scheme.

A BT spokesman said: “People could have left the business three years ago but the majority of our people put their faith and hard earned cash into the company and so it is fantastic that tens of thousands have had their faith repaid this summer.”