Telstra axes 8,000 jobs, shares plummet

By Belinda Tasker
Updated June 20 2018 - 5:26pm, first published 5:19pm
Telstra CEO Andrew Penn says 8,000 jobs will go as the communication giant undergoes a restructure.
Telstra CEO Andrew Penn says 8,000 jobs will go as the communication giant undergoes a restructure.

Telstra is axing 8000 jobs over the next three years as it tries to save $1 billion while tackling the cost of investing in new technology and increased competition from its rivals.

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