Close

Telecom cuts 120 jobs in Australia

Telecom cuts 120 jobs in Australia

Telecom's enterprise IT business Gen-i is cutting loose 120 roles in its Australian division, according to a statement released to the New Zealand Stock Exchange.

Telecom says Gen-i Australia's staff numbers will fall from around 180 to 60, as part of ongoing restructuring and cost-cutting throughout the business.

(Gen-i boss Tim Miles)

Gen-i chief executive Tim Miles says the company is looking to transfer some customers to AAPT, an Australian telco wholly owned by Telecom.

Miles says Gen-i Australia has had problems scaling in Australia. The company is now retreating to focus on servicing trans-Tasman businesses.

Miles adds that it's unlikely there will be local job losses as a result of the retreat, according to the NBR. However, there could be further job losses at Gen-i as part of sweeping measures across Telecom. Earlier this year Telecom CEO Simon Moutter said a strategic review could see the loss of hundreds of jobs at the company.

Idealog has been covering the most interesting people, businesses and issues from the fields of innovation, design, technology and urban development for over 12 years. And we're asking for your support so we can keep telling those stories, inspire more entrepreneurs to start their own businesses and keep pushing New Zealand forward. Give over $5 a month and you will not only be supporting New Zealand innovation, but you’ll also receive a print subscription, an Idealog t-shirt and a copy of the new book by David Downs and Dr. Michelle Dickinson, No. 8 Recharged (while stocks last).