(RTTNews) -  BT Group Plc (BT: News ,BT-A.L: News ) has proposed to employees that they take a year off in lieu of a 75% pay cut to be paid as an upfront cash payment, in order to cut costs, according to several media reports on Saturday.

The reports further noted that BT is also offering a one-time payment of GBP 1,000, or $1,632, provided employees switch to part-time from full time work.

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by RTT Staff Writer

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