Telecom ends jobs purge, looks for ‘more sophisticated’ ways to save money

Fri, 23 Aug 2013

By Paul McBeth Aug. 23 (BusinessDesk) - Telecom Corp, which is undergoing a radical transformation into a data-driven and mobile-focused telecommunications operator, has finished a harsh round of job cuts, trimming its labour bill by an eighth, and is looking for “more sophisticated” ways to lower costs. The Auckland-based company cut full-time employees by 16 percent to 6,622 as at June 30. Telecom now accounts for about 14 percent of the country’s 47,100 information, media and telecommunications staff in the June household labour force su...

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