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NBN Co to axe 800 jobs in major restructure – ARNnet

NBN Co CEO Stephen Rue

NBN Co CEO Stephen Rue

Credit: NBN Co

NBN Co is planning to shed at least 800 jobs as part of a major overhaul of its business structure.

The national broadband builder plans to reduce headcount from 6,300 employees to 5,500 by the end of the year.

The announcement, which first appeared inComms Day, also saw NBN Co claim it had, until now, managed its contractor workforcein line with requirements to complete the final stages of the initial build.

The company also stated it had paused the majority of internal restructuring activities over the last six months to ensure its network building and support remained afloat during the increased data and operational demands stemming from the COVID-19 pandemic.

Top line management will also …

Read the full article at: https://www.arnnet.com.au/article/681179/nbn-co-axe-800-jobs-major-restructure/

Category: RestructuringBy Insolvency GuardianJuly 9, 2020

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NBN Co to axe 800 jobs in major restructure – ARNnet

NBN Co CEO Stephen Rue

NBN Co CEO Stephen Rue

Credit: NBN Co

NBN Co is planning to shed at least 800 jobs as part of a major overhaul of its business structure.

The national broadband builder plans to reduce headcount from 6,300 employees to 5,500 by the end of the year.

The announcement, which first appeared inComms Day, also saw NBN Co claim it had, until now, managed its contractor workforcein line with requirements to complete the final stages of the initial build.

The company also stated it had paused the majority of internal restructuring activities over the last six months to ensure its network building and support remained afloat during the increased data and operational demands stemming from the COVID-19 pandemic.

Top line management will also …

Read the full article at: https://www.arnnet.com.au/article/681179/nbn-co-to-axe-800-jobs-in-major-restructure/

Category: RestructuringBy Insolvency GuardianJuly 8, 2020

Post navigation

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July 17, 2024
SK Ecoplant to merge tech unit for group restructuring – Korea Economic Daily
July 16, 2024
Revenue negotiations on warehouse debt cited as reason for decline in small company restructurings, study says – The Irish Times
July 16, 2024
Over 200 jobs saved so far this year through small business restructuring process – Irish Examiner
July 15, 2024
Atos secures funding for rescue plan, lives to fight another day – The Register
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