Staff cuts released with annual results

Last updated 05:00 06/07/2013

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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.

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- The Dominion Post

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