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Tuesday, July 13, 2010

Financial Times
NEW PAY DEAL ENDS THREAT OF BT STRIKE
BT has managed to put an end to threats of a potential strike by announcing a 3-percent pay raise in each of the next three years, reports FT. BT’s CEO Ian Livingstone said: “This agreement is good for BT, its employees, shareholders and customers.” Meanwhile, FT reports that the High Court is going to start processing a case this week, in which BT is seeking government guarantees regarding its GBP9-billion deficit in its pension plan.

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