Telstra to axe 12,000 jobs
Drew Cullen writes in The Register:
Telstra is to cut up to 12,000 jobs, almost a quarter of its workforce, in a massive reorganisation.
At the same time Australia's former monopoly telco is invest AUS$10bn ($7.3bn) in an IP network, of which $2b-3bn is new money. The company is also abandoning plans to pay shareholders a special dividend of AUS$1.5bn ($1.1bn), diverting the cash instead to restructuring.
posted by Fergie @ 11/15/2005 07:07:00 AM
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