Optus has announced a major restructure of its business with an aim to drive greater efficiencies in its dealing with customers.

 

However, the announcement will see Optus shed approximately 750 jobs as it moves to ‘remove a number of areas of duplication’ to save upwards of $37 million.

 

The majority of the redundancies will come from senior and middle management, as well as from operations, back office and support areas.

 

“By creating a more efficient organisation with a renewed focus on the customer, we will be able to compete more effectively. When combined with our reinvigorated Optus brand and stronger mobile network, these changes will put us in an even stronger position to provide our customers with an exceptional and rewarding experience, while at the same time driving sustainable growth for our business,” Kevin Russel Chief Executive Officer, Consumer Australia said.

 

The announcement comes a month after Optus’s parent company, Singtel, announced a major restructure of its global business assets.