Optus “major restructure” just announced includes giving 750 staff the flick.
The redundancies of 750 roles will be carried out over over the coming months, and looks set to cost the telco $37 million.
The business restructure is designed to “drive greater efficiencies and give customers a stronger voice” Optus insists.
The majority of the roles to go will come from senior and middle management as well as operations, back office and support functions, the Singapore owned telco said today.
The telco is believed to employ over 9,700 in total, meaning these redundancies will push staffing numbers below the 9,000 mark.
The new structure will see the creation of a customer division managing all aspects of Optus’ customer relationship as well as new marketing and sales divisions to support the business, and centralising commercial, human resources and strategy functions.
Kevin Russell, Optus Consumer CEO blamed “the competitive environment” that is pushing Optus towards “a sustainable cost structure to remain competitive.”
“By creating a more efficient organisation with a renewed focus on the customer, we will be able to compete more effectively.
Russell believes the restructure will reinvigorate Optus brand and stronger mobile network, and “put us in an even stronger position… while at the same time driving sustainable growth for our business.”