Around 24,000 BT employees are to receive an average payout of £46,000 when a five-year sharesave scheme matures in summer of 2014.
The telecommunications organisation’s 2013 Annual report showed that around 60% of employees are members of the sharesave scheme.
Over the next two years, around 34,500 employees could receive shares worth around £28,000 on average, based on the share price at 31 March 2013.
The report also indicated that sickness absence cost the organisation £84.6 million in 2012/13, up from £80 million in 2011/12, although this is a fall from the £90.1 million cost of absence in 2010/11.
Referring to the summer of 2012 share scheme maturation in the 2013 Annual report Sir Michael Rake, chairmain of BT, said: “Our performance in the year reflects the expertise, hard work and commitment of our people.
“I am delighted that around 20,000 of them were able to benefit from employee share option plans, each making a gain of around £8,400 on average.
‘We are investing more than ever in our people, making sure they have the skills and support they need to serve our customers.”
