Telstra to axe 1,400 jobs in Australia

Thursday 15 June 2017 | 11:00 CET | News
Australian operator Telstra has confirmed it will cut 1,400 jobs in Australia as part of a cost reduction initiative. The decision will affect jobs across several business units and states, ABC reports, citing Telstra CEO Andy Penn. "Today, we announced a series of structural reorganisations which are very much about aligning the business to reduce complexity [and] create a leaner business", Penn said. The job cuts are due to "the increased competitive dynamics of the market and the acceleration of the rollout of the NBN (National Broadband Network)", Penn added.

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Categories: General
Companies: Telstra
Countries: Australia
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