Jun 7

A Telstra takeover of Telecom could mean massive job cuts

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Telstra could lay off more than half of Telecom’s 7000 staff and run most of the business from Australia if it launches a takeover bid for the company, says leading Australian telecommunications analyst Paul Budde. Budde said a takeover of Telecom by Telstra “made sense” and was a reasonable explanation for talks revealed…

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