Telstra restructure axes 8,000 jobs [telecom]

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The Telstra2022 three-year program will see 8,000 jobs cut from the telco.

By Corinne Reichert

Australia's largest telco has announced that it will be axing 8,000 jobs amid a restructure program labelled "Telstra2022", along with a reduction of "2-4 layers of management".

Announced at Telstra's Strategy Day on Wednesday morning, Telstra will also create a new infrastructure business unit, called InfraCo, which it said would "drive performance and provide future optionality for a demerger or the entry of a strategic investor in a post-NBN rollout world".