Telecom to axe hundreds of jobs

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Telecom to axe hundreds of jobs

3News NZ

Simon Moutter (file)

Simon Moutter (file)

Telecom has announced “significant job cuts”, believed to number in the hundreds.

Chief executive Simon Moutter made the announcement this morning.

He said the reason for the cuts is Telecom’s higher operating costs than rivals Vodafone.

The cuts are believed to be coming from all areas of the business, with an announcement on these job losses to be made in May.

The company this morning announced a 3.7 percent lift in first-half underlying earnings, largely attributed to its mobile business, though its mobile base fell 15 percent as of December 31.

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Comments

23/02/2013 7:05:11 a.m.

katubaldy wrote:

You have to laugh at Joe Key's one liners like the classic yesterday,..."we have to realise that the labour market is very flexible at the moment"....flexible? What, like those unemployed can just spring back into the workforce? Or your paycheck may bounce if you're in the education sector...? Meaningless throw away cliches that have zero substance. To quote an older line, "If BS was rubber, these guys could bounce to the moon". That's about the only flexible factor working for this govt...just a totally out of touch and arrogant attitude towards the plight of most kiwis. 2014 election can't come soon enough.

22/02/2013 4:38:30 p.m.

Paul wrote:

Very true Kathy.But he does have the KEY to all the answers.

22/02/2013 12:46:18 p.m.

Kathy wrote:

Is it not funny how John Key is touting how well he is doing while company after company in recent months are laying off hundreds of workers.