Source:Supplied . your Which ... Telstra said the job cuts will not affect its network. Coronavirus Plans, pricing, and features explained harmonious, The policy would be reviewed then.On Friday, the telco giant also said it would bring forward $500 million capital expenditure from the next financial year to increase its network capacity during the coronavirus pandemic and help it accelerate the rollout of its 5G network.‘Australia lags behind’: PM rated a dismal failure by electric vehicle advocatesThe FY20 outlook is outlook is, however, at the bottom end of the range for free cash flow and underlying earnings, and the bottom end of the $0-$500 million range for growth in underlying earnings, excluding the in-year NBN headwind.Airlines want us on planes so badly they’re willing to pay for our funeralsChief executive Andy Penn said the virus would likely have an impact on the company’s future balance sheet, but said it was important for big business to “show leadership and contribute to the national response”.JobKeeper tab: Treasury bares the billions of dollars poured into wage subsidies“Like many businesses it is expected to be material and will depend on how the situation and its impact on the economy and our customers evolves,” Mr Penn said.Charities slammed by triple threat as coronavirus damage takes its tollTelstra committed to continuing its productivity program to reduce underlying fixed costs by $2.5 billion annually by the end of FY22 but will not cut jobs for the next six months.Telstra has frozen its job-cutting program for six months, suspended late-payment fees and disconnections, and will hire 1000 temporary contractors to help counter the economic toll of the COVID-19 outbreak. "It's a beacon of the fact that we are making very solid progress on the digitisation part of our T22 program so we're pleased about that," said Mr Penn said on a conference call.JP Morgan analyst Eric Pan said the firm was forecasting a 5,000 headcount reduction in 2019, but cautioned that a lot of the actual cost savings from the 6,000 job cuts won't be realised this year.Colin Kruger is a business reporter. TELSTRA is cutting more than 300 customer service jobs … Everything we know so far about Amazon's big sale "We will continue to see role reductions as we replace our legacy systems, digitise and simplify how we work, and respond to things like declining NBN and call volumes, but if a final decision is made on the proposal announced today we expect the majority of our T22 restructure will be behind us," Penn said. At its first-half results last month, Telstra said it had completed 6900 of the 8000 net job cuts it flagged in June 2018.Victorian real estate agents push back against calls to block rent reductions Remdesivir is no COVID magic bullet for humans but could be magic for moggiesMichael Pascoe: China’s leader takes a turn for the particularly stupid… and ours is no betterVegans rising: Australia second in the world for veganism as Gen Z snubs lab-grown meatThese measures are in addition to unlimited data allowances on fixed broadband and extra mobile data for Telstra’s consumer and small business customers, as well as extra paid leave for Telstra employees and casuals.Remdesivir is no COVID magic bullet for humans but could be magic for moggiesIndustry super funds to invest $33 billion in job creationSolar-charged batteries make Morrison gas plan redundant: IPCC memberHow do pandemics usually end? Consequently, the Australian telco said it would need to raise its FY19 restructuring costs from AU$600 million to AU$800 million, and would have AU$350 million in restructuring costs after its 2019 financial year. significant Nason is currently Telstra’s group executive for business support and improvement. News Corp Australia Network July 8, 2016 5:31pm. unveiled
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"While impacted employees will not be leaving the organisation until early FY20, consultation is expected to conclude in mid-June and therefore the costs will be included in Telstra's FY19 results," Telstra said. you You may unsubscribe from these newsletters at any time.When is Prime Day 2020? up All rights reserved. "This simplification is crucial to Telstra's competitiveness, and we expect it to lead to a 30% reduction in our labour costs," Penn said at the time.