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News : Optus Cutting 480 Jobs to Focus on 'Content'
Macquarie Park NSW, Australia, April 4, 2016 -- Optus is making up to 480 jobs redundant across Australia in a move to streamline its business. "Sustainable growth" is the company’s buzzword for the cuts.
According to the Australian Business Review, the cuts are being made to protect Optus’ profits after the company spent millions to buy sporting rights, including the English Premier League.
In a statement, the company said that the changes were necessary. "These changes require Optus to reshape its workforce with the skills required in an increasingly digital world and to invest in the capabilities required to bring ideas to market more quickly.
"As a result, Optus is proposing to make a number of roles redundant. Optus will consult directly with affected employees to explore ways to mitigate the impact of these changes, including redeployment opportunities."
It is understood that 220 staff will be let go from the telco’s Adelaide call centre, with the remainder to be cut from other areas in the consumer, enterprise, wholesale and satellite divisions. An Optus spokesperson told iTnews the company would try to redeploy staff to areas in which it was growing, including its media division and managing its ongoing partnerships with Stan and Netflix.
Posted by Veronica Silva Cusi, news correspondent
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More Editorial From Optus
SingTel Optus Pty Limited is the second largest telecommunications company in Australia, and is a wholly owned subsidiary of Singapore Telecommunications. The company primarily trades under the Optus brand, while maintaining several wholly owned subsidiary brands, such as Virgin Mobile Australia and Boost Mobile in the mobile telephony market, Uecomm in the network services market and Alphawest in the ICT services sector.
Published: Tuesday, April 5, 2016