1500 jobs on the line as Telstra targets middle management.(Brief Article)

Australasian Business Intelligence, April, 2005 by Sainsbury, Michael

Apr 21, 2005 (The Australian - ABIX via COMTEX)

Australian telco, Telstra, plans to cut a large number of jobs in 2005. It is targeting middle management, as well as some senior management. It is thought that between 1,000 and 1,500 positions could be made redundant. Telstra has increased its redundancy provisions to at least $A50 million for each half of the year. The greatest reductions are expected to be in the Big Pond retail internet division and the business and government division. Telstra's share price fell for a second day, closing down by $A0.05 at $A4.89 on 21 April 2005.

Publication Date: 22 April 2005

TELSTRA CORPORATION LIMITED - ASX 

TLS:

TELSTRA BIG POND:

SINGTEL OPTUS PTY LTD:

SINGAPORE...

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