20 June 2018
This is a difficult day for the staff of Telstra and our thoughts are very much with them.
I have spoken to Telstra CEO Andy Penn who has assured me that the workforce reduction will occur over a number of years.
Telstra has established a $50 million fund to assist affected staff during this transition. Telstra advise this will allow some staff to be redeployed within the company, while staff leaving the company will be given the assistance they need.
Australia has a telecommunications sector which is intensely competitive and constantly evolving.
All Australian businesses operate in a competitive environment which is why the Government will continue to seek to secure the passage of our company tax plan through the Parliament.
Authorised by Senator the Hon Mitch Fifield, Liberal Party of Australia, Parliament House, Canberra.