Feeds

Telstra to axe 12,000 jobs

Big plans for IP network

Providing a secure and efficient Helpdesk

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.

The massive efficiency drive will also see replace its CDMA mobile phone network with what it calls a 3G GSM network.

Telstra is in no hurry to fire everyone just yet: it plans to cut 5,000 - 8,000 jobs over three years and 10,000 jobs over five. But it is in more of a hurry with its technology overhaul, aiming to have an IP core for its network in place by 2007.

Other efficiencies sought include the reduction over three years of the number of network platforms - currently standing at 330 - by 60 per cent, and also of business and operational support systems - currently 1,200 - by 75 per cent.

Telstra press release ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
HBO shocks US pay TV world: We're down with OTT. Netflix says, 'Gee'
This affects every broadcaster, every cable guy
Same old iPad? NO. The new 'soft SIMs' are BIG NEWS
AppleSIM 'ware to allow quick switch of carriers
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Brits: Google, can you scrape 60k pages from web, pleeease
Hey, c'mon Choc Factory, it's our 'right to be forgotten'
Of COURSE Stephen Elop's to blame for Nokia woes, says author
'Google did have some unique propositions for Nokia'
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.