Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  SINGAPORE EXCHANGE  >  Singapore Telecommunications Limited    STEL   SG1T75931496

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

SingTel's Optus Plans To Cut 750 Jobs In Company Restructure

05/01/2012 | 07:52pm US/Eastern

The Australian arm of Singapore Telecommunications Ltd. (SGAPY), Optus, said Wednesday it plans to cut about 750 jobs in a restructure of the business.

Optus said in a statement it expects a one-time charge of about 37 million Australian dollars (US$38.2 million) relating to the job cuts.

It said the restructure aimed to drive greater efficiencies and would see the removal of a number of areas of duplication. Most of the job cuts are expected to come from senior and middle management as well as operations, back office and support functions, Optus said.

"By creating a more efficient organization with a renewed focus on the customer, we will be able to compete more effectively," said Kevin Russell, Optus Chief Executive of Consumer Australia.

-By Gavin Lower, Dow Jones Newswires; 61-3-9292-2095; gavin.lower@dowjones.com

React to this article
Latest news on SINGAPORE TELECOMMUNICATIO
08/31 SINGAPORE TELECOMMUNICATIONS : Singtel completes acquisition of Trustwave; Stren..
08/31 CISCO SYSTEMS : Optus Business boosts end-to-end ICT capabilities with Cisco Dat..
08/31 Photo Release -- Northrop Grumman Australia Partners with ViaSat and Optus to..
08/30 SINGAPORE TELECOMMUNICATIONS : Media Statement: Singtel to double paternity leav..
08/28 SINGAPORE TELECOMMUNICATIONS : ACCC approves revised deal between nbn and Optus
08/28 SINGAPORE TELECOMMUNICATIONS : ACCC approves revised NBN deal with Optus
08/27 SINGAPORE TELECOMMUNICATIONS : Optus Satellite notches up 30 Years
08/22 SINGAPORE TELECOMMUNICATIONS : Optus targets SMBs with satellite continuity serv..
08/21 SINGAPORE TELECOMMUNICATIONS : Optus Satellite boosts business continuity creden..
08/18 SINGAPORE TELECOMMUNICATIONS : Singtel recognised as Singapore’s most well..
Advertisement
Chart
Duration : Period :
Singapore Telecommunicatio Technical Analysis Chart | STEL | SG1T75931496 | 4-Traders
Income Statement Evolution
More Financials