A BILLIONAIRE-owned global education provider is making all 82 of its British-based online teachers redundant, their union reported today.

EF Education First, which provides language courses, told staff last month that their jobs would be moved abroad where pay is as low as £3.75 an hour, the TEFL Workers Union said.

The company, which is owned by Swedish multibillionaire Bertil Hult, has been accused of refusing to negotiate payments higher than the legal minimum.