BT ’s CEO , Gavin Patterson , and outgoing group finance director Tony Chanmugam , have been denied their contracts for 2016 - 17 following a review by the company ’s remuneration committee . The announcement came as BT confirmed it will cut 4,000 jobs over the next two years as part of a restructuring programme . Over the past year BT has experienced controversies relating to accounting irregularities in its Italian accounts and issues of deemed consent relating to its core business . In March , BT was fined £ 42 m by Ofcom for abuse of its market leader practices in respect of Openreach .
BT’s CEO, Gavin Patterson, and outgoing group finance director Tony Chanmugam, have been denied their bonuses for 2016-17 following a review by the company’s remuneration committee. The announcement came as BT confirmed it will cut 4,000 jobs over the next two years as part of a restructuring process. Over the past year BT has experienced controversies relating to accounting irregularities in its Italian business and issues of deemed consent relating to its Openreach business. In March, BT was fined £42m by Ofcom for abuse of its market leader position in respect of Openreach.