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Telstra to Cut Up to 12,000 Jobs

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SYDNEY, Australia -- Telstra Corp., Australia's largest telecommunications company, today announced it will eliminate up to 12,000 jobs by 2010 as part of a restructuring that could reduce its earnings by as much as 30 percent this fiscal year. Telstra's chief executive, Sol Trujillo, who took over in July, said at an investors meeting in Sydney that the Australian telecommunications industry was based on price competition in a downward spiral and was not adding enough value to its customers. "We will not require the same number of employees and contractors as we implement the strategy...Read full article

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    Published: November 2005
    Glossary
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    Australian telecommunications industryCommunicationsgovernment regulationlayoffsNews & FeaturesphotonicstelecommunicationsTelstra

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