IN ANOTHER sign of the deteriorating economy, Optus is poised to slash hundreds of jobs as part of a restructure.
A large number of the job cuts - likely to be announced this week - are expected to be at the company's main office at North Ryde. About 400 staff in the network division are thought to be affected.
The Singapore-controlled telecommunications provider, which has 6000 employees in Australia, is also understood to have let go a number of senior executives as it seeks to counter the domestic downturn.
NWT Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
