Telstra has announced it plans to axe up to 2800 jobs, around 9% of its
workforce, as part of a business 'reset' and amid $400M in cost-cutting measures. The Communication Workers Union criticised the abrupt announcement, expressing concerns about the harsh impact on employees.
workforce, as part of a business 'reset' and amid $400M in cost-cutting measures. The Communication Workers Union criticised the abrupt announcement, expressing concerns about the harsh impact on employees.
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TVTranscript
00:00This is a very hard day for many of our teams right across Telstra.
00:05Telstra has announced it plans to axe up to 2,800 jobs,
00:09around 9% of its workforce, as part of a business reset.
00:14The cost-cutting measure aims to save Telstra $350 million
00:19by the end of the 2025 financial year and was defended by CEO Vicky Brady.
00:24We have new and different competitors.
00:27We have rapid advances in technologies happening.
00:31Our customer needs continue to evolve.
00:34And we have ongoing inflationary and cost pressures.
00:38The Communication Workers Union criticised the abrupt announcement,
00:42expressing concerns about the harsh impact on employees.
00:46There are going to be thousands of workers and their families
00:49terrified today about what this means for them and their future.
00:52You can't slash thousands of jobs
00:55without seriously impacting the delivery of services across the country.
00:59Telstra also revealed it would drop controversial inflation-linked price increases
01:03from its postpaid mobile plans.
01:06Initial consultations on 377 job cuts will begin immediately,
01:11targeting roles in the Enterprise Division
01:13with the majority of losses to happen by the end of 2024.