Staff cuts released with annual results

TOM PULLAR-STRECKER
Last updated 05:00 06/07/2013

Relevant offers

Industries

Simon Bridges hoping to attract more electric and driverless cars to NZ Southern Response to get more Government money if needed Faster bank payments may encourage cyber-crime Cocktails and oysters in Air New Zealand's new Sydney Airport lounge Southern Cross Cable cuts a 'timely reminder': Tuanz Council of Trade Unions president Helen Kelly's doctors 'very pessimistic' No quake help for building owners in Budget Manuka honey company Comvita profit up 28 per cent to record high Serko riding a 'rocket ship' of sales Mighty Ape snaps up failed online retailer LeftBrain

Telecom says it won't release final details of how many staff it has let go through its efficiency drive until its annual results are reported in August.

Chief executive Simon Moutter announced in March that Telecom planned to axe between 930 and 1230 jobs by the end of last month.

Sources said the final figure had come in towards the lower end of that range. The majority of those staff had left by the end of last week but some of the cuts have yet to be implemented, as had been expected.

Absolute IT director Grant Burley said a high number of staff in public and private sector organisations that were undergoing restructuring were choosing to take voluntary redundancy, as the recruitment market was buoyant.

A Telecom staffer in Wellington said all the people who had been made redundant from their particular business unit had already gone on to secure other employment.

Ad Feedback

- The Dominion Post

Special offers

Featured Promotions

Sponsored Content