Telecommunications

Telstra to cut 8,000 jobs in major restructure

Company plans to abolish one in four executive and middle management roles

Telstra has announced plans to cut 8,000 jobs in a major restructure.

It wants to split its infrastructure assets into a new wholly owned business unit in preparation for a potential demerger, or the entry of a strategic investor, in a post-national broadband network rollout world. The new business unit will be called Telstra InfraCo.

Related: Telstra mobile outage affects national network

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