On Friday, OpenTel announced it was shedding 45 staff world-wide, but a tip-off to ZDNet Australia alleged that 40 of those staff were from the Melbourne office. The layoffs will cost the company AU$700,000, the company said in a statement to the Australian Stock Exchange.
Wayne Passlow, founder of OpenTel, was unable to provide comment when contacted by ZDNet Australia.
A spokesperson for the Communications, Electrical and Plumbing Union (CEPU), Ian Bryant, said that the layoffs came as no big shock. -OpenTel is a triumph of entrepreneurial ability over management strength - there's been people going for a while."
OpenTel also announced today that it has concluded an agreement to sell its OSS Business to OpenCI, a subsidiary of Macquarie Bank, for up to AU$3.1 million.
