Telstra has announced that it would put on hold any further job cuts for the next six months, adding that its program to cut 8000 jobs in total by 2022 to reduce underlying fixed costs by $2.5 billion would continue as usual.
Australia's biggest telco Telstra has brought forward its plans, announced last June, to sack thousands of workers, leading to an increase of $200 million in the company's restructuring costs for the current financial year.
Vodafone Hutchison Australia chief executive Iñaki Berroeta has criticised Telstra for seeking a drop in NBN prices at a time when it is receiving $2.5 billion from NBN Co for use of its infrastructure and for customers who have been transferred over.
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