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Australia / Telstra to slash jobs

THE terminal decline of Telstra’s once-dominant fixed telephony business and the rise of new business opportunities have forced the telco giant into a major operational restructure that will affect half the company’s 30,000-strong domestic workforce.

The restructure, which was announced yesterday in an internal memo from Telstra chief operations officer Brendon Riley, is likely to see hundreds of jobs cut from the telco as it transitions its operations and IT divisions from infrastructure-based businesses to more of a software and services future.

“Our traditional businesses are coming under increasing margin pressure and the largest portion of our budget is spent supporting them,” Mr Riley wrote in an internal memo to staff.

“This is not a sustainable business model and we have an obligation to redefine our contributions to Telstra.”

Chosen excerpts by Job Market Monitor

The Australian

via Jobs to be slashed in Telstra revamp | The Australian.

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