Member access

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

SummaryChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

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

05/01/2012 | 07:52pm US/Eastern
Recommend:
0

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

Recommend :
0
React to this article
Latest news on SINGAPORE TELECOMMUNICATIO
6h ago SINGAPORE TELECOMMUNICATIONS : SingTel first in the world to offer commercial 30..
1d ago SINGAPORE TELECOMMUNICATIONS : SingTel donates S$1.1m to establish the Enabling ..
07/10 SINGAPORE TELECOMMUNICATIONS : SingTel and TOUCH Launch Singapore’s First ..
07/09DJBHARTI AIRTEL : To Sell African Towers Business to Helios Towers
06/27 SINGAPORE TELECOMMUNICATIONS : SingTel pledges over S$15 million for 28th SEA Ga..
06/26 SINGAPORE TELECOMMUNICATIONS : SingTel expands CSR programme
06/22 THAI TELCOS 'ON HOLD' : interventionist junta's first economic casualty
06/18 SINGAPORE TELECOMMUNICATIONS : SingTel adopts a Gawad Kalinga Village in Bantaya..
06/16 SINGAPORE TELECOMMUNICATIONS : SingTel launches first mobile service in Asia to ..
06/16 SINGAPORE TELECOMMUNICATIONS : SingTel launches first mobile service in Asia to ..
Advertisement
Chart
Duration : Period :
Singapore Telecommunicatio Technical Analysis Chart | STEL | SG1T75931496 | 4-Traders
Income Statement Evolution
Singapore Telecommunicatio : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF