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BT staff share £265m saving schemes payout

Thousands of BT workers are sharing a £265 million payout as savings schemes mature, with some employees making gains of more than £54,000.

More than 23,000 workers joined a five-year and separate three-year plan and will be able to use their savings to buy shares in the company from Monday.

BT said staff who saved the maximum £250 a month in the five-year plan will be able to buy almost 15,000 shares with a market value of £69,514, a gain of £54,064.

Chief executive Gavin Patterson said: "I'm delighted that so many BT colleagues are sharing in the company's success through our saveshare plans.

"The hard work and commitment shown by our employees has put BT in a strong position to better serve our customers.

"This is reflected in the increase in share price since people started saving and I would like to thank our people for the major part they've played in the company's progress."

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