Telstra | Job cuts to come

TELSTRA has signalled it may need to cut jobs if it fails to win contracts supplying the national broadband network because there will be less work for staff as its copper network is shut down.

Telstra’s co-operation with NBN Co provides for the company to receive $100 million to retrain its workers, many of whom maintain the copper wires that provide the bulk of telecommunications services today.

The copper wires will be dismantled under the government plans, causing a major shift in how Telstra makes its profits.

Telstra’s general manager of regulatory affairs, Tony Warren, said yesterday the company expects about 6500 of its 15,000 staff to be eligible for assistance with retraining…

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