Optus cuts 250 management jobs

Optus has decided to make about 250 of its roles redundant as it moves to improve business efficiency, impacting up to 180 people currently working with the company.

Optus confirmed the job cuts reported by The Australian this morning. Optus said that a business review had prompted the decision to rationalise its management structure, consolidate roles and reorganise its teams.

As a result, 180 middle and senior management level sales, commercial, marketing and back-office roles will be made redundant on 12 August. A further 70 vacant roles will also no longer be offered.

The company said that about two thirds of the affected roles are located in its Sydney office; its largest site. Those being made redundant will be offered redundancy packages that Optus said are "well above statutory requirements", and are currently going through the company's consultation and redeployment process.

Optus said that the changes were made in order to reduce operating expenditure and achieve productivity gains to increase its competitiveness. It said that the changes wouldn't negatively affect customers.

"We have taken great care not to put the customer experience at risk, and there will be no direct impact to our customer experience from these changes," it said.

Optus was recently awarded a four-year, $30 million contract with Sydney Water; however, earlier this month it was fined $5 million by the Australian Competition and Consumer Commission (ACCC) for an advertising campaign deemed misleading.