Hundreds expected to lose their jobs in Telstra restructure

A RESTRUCTURE of the country's biggest telecommunications company is expected to see hundreds of Australian jobs slashed.

Telstra has confirmed its current business model is "unsustainable" but the number of jobs in the firing line has yet to be revealed.

News Ltd reported Telstra's chief operations officer Brendan Riley told staff earlier this week the company's operation's unit had to "evolve in order to support future needs".

He wrote in a memo that the Telstra's traditional businesses were coming under "increasing margin pressure" and the largest portion of the budget was spent supporting them.

More than 2,000 Telstra jobs had been lost or sent offshore in the past 12 months.


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