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Firstly where did 6000 extra staff suddenly come from.Telstra was recently claiming to have 46000 staff.Are these staff the re-absorbed NDC people you couldn't sack because your Redundancy Agreement was illegally obtained and you cannot use it.Equally mug investors should read your transcript carefully.Reducing costs by the 'equivalent' of 6000 jobs over three years is nebulous rubbish at best and misleading the market for company benefit at the worst.Come clean Trujillo,Tell ASIC the truth.Admit you can't sack these staff.
Lucky for telstra, a raft of new Industrial Relations legislation is on the near horizon. That should help them get over a few hurdles that were previously unsurmountable!
I can see a conspiracy theory in the making... =`)
As a former senior engineer with a background that dates from the PMG Engineering Branch into Telecom Australia, I shudder at the way Telstra has developed. I am horrified that one of these days, I'll pick the Paper up and see a headline which states, "Telstra in Liquidation"
I think that I liked it bwtter when the Engineers ran it.
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How many billions of dollars profit did Telstra make last year?
Isn't this always the first thing a new ceo does when they haven't a clue how else to increase an already substantial profit, just to make them look good.
What effect is this going to have on an already poor level of service - shouldn't the shareholder's be complaining about the detrimental effect poor service will have on the share price?
And who's the biggest shareholder? Oh, it's Jonny H. And who's got seats on the board? Oh, the government does. So the government have sanctioned a move that will reduce the shareprice before they sell it? How does that work?