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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 Advisory AccountantsJuly 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 Advisory AccountantsJuly 8, 2020

Post navigation

PreviousPrevious post:COVID-19 Update What Your Business Needs to Know About the Corporate Governance and Insolvency Act 2020 – JD SupraNextNext post:“The one mistake that almost ruined my life” – Neos Kosmos

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Local small businesses look to restructuring for ATO debt solution – InDaily
July 17, 2024
Cash flow analysis key to small business restructuring – AccountantsDaily
July 17, 2024
Small Business Restructuring Specialists – William Buck
July 17, 2024
Local small businesses look to restructuring for ATO debt solution – InDaily
July 17, 2024
Cash flow analysis key to small business restructuring – AccountantsDaily
July 17, 2024
SK Ecoplant to merge tech unit for group restructuring – Korea Economic Daily
July 17, 2024
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