Telstra to cut at least 8000 jobs

By Ry Crozier

Major reorganisation announced.

Telstra is set to cut at least 8000 staff and carve out its infrastructure assets into a new standalone business unit under sweeping changes announced today.

A market filing reveals a large-scale reorganisation of the telco under a new strategy called Telstra2022.

It comes as the telco - and particularly chief executive Andrew Penn - was under increasing pressure to produce a strategy to work the company out of a financial rut.

The biggest news is a planned 30 percent reduction in Telstra's labour costs, which the telco said would result in a “net...

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