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Optus to cut 450 positions

SingTel subsidiary Optus today said it was likely to cut around 450 positions as part of a cost-cutting drive. "Industry pressure means that we must reduce our costs across the business," a spokesperson for the telco said in a brief telephone interview with ZDNet Australia.
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Written by Renai LeMay on
SingTel subsidiary Optus today said it was likely to cut around 450 positions as part of a cost-cutting drive.

"Industry pressure means that we must reduce our costs across the business," a spokesperson for the telco said in a brief telephone interview with ZDNet Australia.

"Today we announced some short-term action to reduce costs. We are likely to remove 450 roles across the business, a combination of permanent and contract positions and vacancies that won't be replaced," the spokesperson said.

Optus chief executive Paul O'Sullivan announced the news to staff in an e-mail sent out today.

The move comes as Optus has recently completed a massive reorganisation of its network management operations that has seen hundreds of staff redeployed in a bid to boost service standards.

ZDNet Australia's Steven Deare contributed to this story.

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