BT says report of 10,000 job cuts "speculation"

LONDON, April 12 (Reuters) - Britain's BT Group (BT.L: Quote, Profile, Research) said a full update regarding any further job cuts would be given with its full-year results next month, dismissing a Sunday newspaper report citing 10,000 job losses as speculation.

The Sunday Times said the cuts would come on top of the 10,000 jobs already lost over the group's last financial year.

The paper also said the company will announce provisions of 1.5 billion pounds ($2.21 billion) along with its results, mostly related to contracts agreed at its Global Services unit, which provides IT services to multinational companies. A spokesman for BT described the story as "typical speculation" in advance of the results for the 12 months to end-March, due on May 14.

"The company will provide a full update regarding charges relating to Global Services, the pension scheme, dividends and any restructuring for the year at that time," he told Reuters.

The group, which employs about 160,000 people, said in January it would take charges of 340 million pounds for one-time growth driver Global Services for the third quarter and warned of more provisions to come. [ID:nLM352532]

Chief Executive Ian Livingstone also said last year that the 10,000 job cuts announced for the 2008/09 financial year were not likely to be a one-off. [ID:nLC728011] ($1=.6789 pounds) (Reporting by Victoria Bryan; editing by Mike Nesbit)