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LONDON (AP) - Telecoms company BT Group PLC is offering staff a year off work in return for a 75 percent cut in that year's pay.
BT is one of Britain's biggest companies, with more than 100,000 employees. It is trying to cut costs after posting a net loss of almost 1 billion pounds ($1.6 billion) for the first three months of 2009.
The company said Saturday that staff who take up the offer will get the remaining quarter of their salary as an upfront payment. Staff also are being offered incentives to work part-time.
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