SYDNEY, June 14 (Reuters) - Australia's largest telecoms company, Telstra Corporation Ltd (TLS) , will shed about 1,400 jobs as part of a cost cutting drive, a spokesman said on Wednesday.
The move was first reported by The Australian newspaper. The spokesman said the company would issue a statement after announcing the changes to staff and declined to give further details.
Telstra in February disappointed the market with a surprise profit drop and flagged restructuring costs between A$300 million and A$500 million (226 million to $377 million) for the 2017 financial year.
News: TLS Australia's Telstra says will cut 1,400 jobs in cost-cutting drive
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