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Optus Cutting Nearly 500 Jobs

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Australia's Optus has announced plans to rationalise its operations in a move that aims to cut costs by more than AU$200 million.

The main saving will come from up to 480 job losses, across the mobile network operator's Consumer and Enterprise division.

Optus did not confirm the expected level of job loses in its statement, but the figures were widely reported by local media. About half of the redundancies are expected to be at its Adelaide call centre.

"These changes require Optus to reshape its workforce with the skills required in an increasingly digital world and to invest in the capabilities required to bring ideas to market more quickly," the company said in its statement.

Details about the level of redundancies are expected to be formally released in the forthcoming financial results.

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Tags: optus  Australia