Sunday, 17 October 2021
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Telstra to slash at least 8000 jobs, create new ‘InfraCo’ business

Telstra has unveiled a new strategy — dubbed Telstra2022 — that will see net job losses of 8000, including both employees and contractors, and create a new infrastructure business unit that could potentially be spun out into an independent company.

The telco revealed the plans this morning ahead of an investor information briefing.

Telstra said the new strategy has four key pillars: Streamlining product offerings, setting up InfraCo, simplifying its structure, and further cutting costs.

The new Telstra InfraCo business unit will launch on 1 July and have its own CEO who will report to Telstra CEO Andy Penn.

The business will control Telstra’s fixed-network infrastructure, including data centres, non-mobile related fibre (including international subsea cables), the telco’s copper network and hybrid fibre-coaxial (HFC) assets, exchanges, poles, ducts and pipes.

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