1400 jobs to go from Telstra across Australia

1400 jobs to go from Telstra across Australia

1400 jobs to go from Telstra across Australia

Telstra has confirmed it will axe 1,400 Australian workers. It is being reported that the cuts will affect workers from all across the business.

Staff were being briefed on the cuts throughout the day on Wednesday.

The telco flagged restructuring costs for the full financial year of between $300-500 million.

At midday, Telstra shares are 0.2 per cent higher at $4.39.In November, Telstra revealed plans to cut fixed costs by more than $1 billion over the next five years.

The customer network management team was also likely to be severely impacted by the cuts, which will nearly "wipe out" the division.

O'Donnell told iTnews he expected the bulk of the CNN redundancies to be made across South Australia, Western Australia, and the Northern Territory.

Employees across all divisions, including in the telecommunication giant's vast field workforce of line technicians, maintenance and installation workers, are all feared to be in danger of losing their jobs.

This is not the major round of job cuts rolled out by Telstra, which is understood to have cut more than 1000 jobs between June and December a year ago.

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