Staff cuts released with annual results

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

Relevant offers

Industries

Strike action at Warehouse Rotorua and Bunnings Mt Maunganui Positive week's end for NZ dollar but less so for NZX 50 Hawke's Bay Seafoods says it is co-operating with investigation IAG chief Jacki Johnson is New Zealand's top dollar executive Lower Hutt company fined after worker loses four fingers Market crash, not natural disasters, biggest threat to economy Shareholders are spurning Briscoe's takeover offer, says Kathmandu Dairy goat infant formula and waterproof roads get Government cash Inland Revenue hopes to get politics out of its $1b-plus overhaul NakedBus NZ liquidation application filed by Go Bus

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