HFN

Like I predicted

With the privatization of Telstra of course this is going to happen...


*Telstra to axe 10,000 jobs*


Australia's dominant telecommunications company, Telstra, has announced plans to shed 10,000 workers over the next five years.


Chief executive officer Sol Trujillo is outlining Telstra's strategy at an investors' briefing in Sydney, where he has renewed his commitment to the carrier's customers.


"The first point that I'd like make sure that you're going to hear a lot about is - the customer. And in case you didn't hear what I said - the customer. And in case it's not clear at the end of the meeting, it is going to be about the customer," he said.


"We're going to focus on all of our customers, not just some, but all.


"We're going to focus in many ways on how we change the game here in Australia.


"The game today is primarily around price-based competition, which I think is a destructive way of competing ultimately for all the businesses if you're an investor, if you're a shareholder or somebody contemplating investing in most companies."
[abc.net.au]

This entry was posted on Tuesday, November 15, 2005 at 9:36 am. You can skip to the end and leave a response.