|The CWU and BT have concluded discussions on the TUPE consultation, to transfer all Openreach people into a new company called Openreach Limited. I am pleased that as a result of the consultation all current terms and conditions for our Openreach members remain unchanged, through the transfer, including all current pension arrangements. Negotiations on BT Group Agreements, including pay reviews will continue to be managed by BT Group and applied in Openreach Ltd. All existing Openreach specific collective agreements will also remain in place.
The move will still allow for the free movement of people between BT plc and Openreach Ltd, including redeployment rights as defined in NewGrid as well as access to career development and promotion opportunities.
The move of all Openreach people into Openreach Ltd, which will be a legally separate, wholly owned subsidiary within BT Group, will take place on 1 October 2018.