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Australia s Telstra to cut up to 2,800 jobs by year-end to simplify operations

Consultation on 377 of those roles would begin immediately, mainly from areas supporting the products and services to be exited in its enterprise business, Telstra said. The company expects to record one-off restructuring costs of A$200 million ($133.36 million) to A$250 million in fiscal 2024 and 2025. Telstra reiterated its earnings forecast for 2024 and said it expects underlying earnings before interest, taxes, depreciation, and amortization for 2025 between A$8.4 billion and $8.7 billion.

Himanshi akhandShailesh kuberGlobal business services

Australia s Telstra to Cut up to 2,800 Jobs by Year-End to Simplify Operations

Australia s Telstra to Cut up to 2,800 Jobs by Year-End to Simplify Operations
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

Shailesh kuberHimanshi akhandTelstra corp ltdGlobal business servicesCooladdi post office

Australia s BHP hits 3-month high as deadline for formal Anglo bid looms

Shares of Australia s BHP Group touched a three-month high on Tuesday, ahead of a deadline to lodge a formal bid for rival Anglo American, which rejected its sweetened $43 billion takeover proposal.

United statesUnited kingdomSouth africaHimanshi akhandAnglo americanRashmi aich

Australia s Telstra to cut up to 2,800 jobs by year-end to simplify operations | WSAU News/Talk 550 AM · 99 9 FM

(Reuters) - Australian telecom firm Telstra said on Tuesday it would reduce up to 2,800 jobs from its direct workforce by the end of this year, as a part of its proposed measures to simplify operations and improve productivity. Consultation on 377 .

Himanshi akhandShailesh kuberGlobal business services

BHP shares hit 3-month high as deadline for formal Anglo bid looms

Shares of BHP Group touched a three-month high on Tuesday about 36 hours ahead of a deadline to lodge a formal bid for rival miner Anglo American , which last week rejected a sweetened $43.

Western australiaUnited kingdomNew south walesUnited statesSouth africaHimanshi akhandRandy forsterMelanie burtonHayden bairstowLewis jacksonPraveen menonAnglo americanVargo investmentsJamie freed

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