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Telstra to axe 2,800 jobs as part of business ‘reset’

The setbacks are expected to 'reshape' some of the company's internal operations.

Telstra will cut up to 2,800 jobs by 2024 for cost-cutting measures to ensure the company’s productivity.

Telstra’s CEO Vicky Brady said that job cuts were necessary to simplify operations and improve productivity and would help save the company $350 million by the end of 2025.

This change will impact the telecommunications direct workforce and will require consultations with employees and unions. Consultations will begin on 377 of the affected jobs, in areas supporting Telstra’s products and services in its enterprise business.

Brady said the business will be able to “deliver improved connectivity for customers across the country” and “make the investments needed to support the ever-increasing growth in data volumes on its networks” as a result of the job cuts.

The Communication Workers Union (CWU), a group that represents Telstra employees, said the decision will be a “massive blow” for both employees and Telstra consumers.

James Perkin, the National Assistant Secretary of the CWU, called the cuts a “national disgrace”.

“There are going to be thousands of workers and their families terrified today about what this means for them and their future,” he said.

“You can’t slash thousands of jobs without seriously impacting the delivery of services across the country.”

Brady said further job cuts would be revealed over the next couple of months.

“We will continue to work through the detail as fast as we can on the remaining proposed changes, and I anticipate being able to update our employees around mid-July,” she said.


Photo: Telstra Store in the Sturt Mall by Bidgee is available HERE and is used under a Creative Commons License. This image has not been modified.

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