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General

Telstra to cut 6,000 jobs by end of FY19, take AUD 500 mln impairment charge

Wednesday 29 May 2019 | 10:01 CET | News
Australian operator Telstra has announced that "as a result of good progress on its T22 strategy", it expects to take a non-cash impairment and write down the value of its legacy IT assets by around AUD 500 million. Telstra also announced it is increasing guidance on its FY19 restructuring costs by AUD 200 million, as a result of bringing forward consultation on proposed job reductions. 

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Categories: General
Companies: Telstra
Countries: Australia
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