
Telecom chief says more jobs will be cut
Telecom plans to slash 200 management jobs by mid-year, and more lay-offs are likely.
Telecom plans to slash 200 management jobs by mid-year, and more lay-offs are likely.
Telecom is targeting a reduction of 200 top jobs this year, after cutting its earnings guidance for years 2011 through to 2013 years.
Telecom shares fell 6c after it cut earnings guidance for the financial years from 2011 to 2013.
Telecom has appointed Kieren Cooney, the chief executive of its retail dealer partner Leading Edge NZ, as the new director of its troubled mobile division.
Telecom wholesale and international business chief executive is departing after seven years at the company.
Telecom says it "absolutely unreservedly apologises" for an intermittent XT outage in the Auckland area this morning.
Telecom and nzherald.co.nz are giving one deserving business team of up to six people the chance to win a day sailing around Auckland Harbour.
Telecom staff were told this morning that the company's 'Mr XT', responsible for mobile devices and services, would leave at the end of his contract in July.
Telecom mobile phone customers on the network's XT and CDMA networks have experienced more intermittent outages today.