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Optus slashes more jobs

Optus has confirmed that more jobs will be culled over the next few weeks as part of the company's business strategy that was announced 18 months ago.
Written by Aimee Chanthadavong, Contributor

SingTel's Australian subsidiary, Optus, is continuing its ongoing plans of restructuring the business with more job cuts.

While Optus will not confirm details of how many jobs will be affected and in which roles, the telco giant did confirm it would happen.

However, based on initial reports by the Australian Financial Review, possibly 200 jobs will go over the next coming weeks.

An Optus spokesperson said the company's main priority at the moment is to speak to each individual staff that will be affected.

"Our priority is always to communicate the detail of any change directly with our employees and support those who might be affected," the spokesperson said.

The cull will be in addition to a series of cuts the company has been making since it launched its new business strategy 18 months ago to reposition the business by cutting costs and restructuring.

Although the initial job cut numbers of the restructure was set for only 750, as of November 2012, ZDNet had already recorded that the job cut numbers surpassed 900.

"Optus continually reviews its operations to ensure it has the right organisational structure in place to achieve its business goals, and we've been continuing to do so within the context of the business strategy we launched 18 months ago," the Optus spokesperson said.

The job cuts come despite Optus reporting a 41.4 percent jump in year-on-year profit, as well as a significant increase in earnings before interest, tax, depreciation, and amortisation of 7.7 percent year on year to AU$522 million during the second quarter of the 2014 financial year.

But Optus hasn't been the only telco company making adjustments to its staff numbers; Telstra was also cutting jobs late last year.

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