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September 24, 2008

Telstra may slash 800 jobs

As part of its transformation plans to increase profitability, Australian telecom company Telstra reportedly plans to cut 800 jobs across its six different divisions, which represents nearly 2% of its total workforce.

By CBR Staff Writer

The majority of job cuts are expected to take place in the six divisions of consumer and channels, business, country wide, BigPond, strategic marketing and product management at Sydney, Brisbane and Melbourne city centers. Previously, Telstra had announced that it will cut thousands of jobs by 2010, as part of ongoing corporate transformation, which began in 2005.

The company has reportedly said that it will need fewer employees because of the improvements made in systems and processes.

Sol Trujillo, CEO of Telstra, was quoted as saying: This announcement is part of Telstra’s overall strategy and does not deviate from our original guidance. We are now evolving into a more aligned organization that will provide better services to our customers and enable us to continue delivering world-leading financial results.

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