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Optus denies plan to cut 1,000 jobs

 

Optus has denied newspaper reports that it is planning to cut about 1,000 jobs.

Australia's second largest telco, which in February announced a third quarter profit of $227 million, was reported by The Australian to be considering the redundancies as part of a wide-ranging cost-cutting exercise by chief executive Allen Lew.

"We will need to make further changes to the way we organise ourselves to help support our business goals, but we have no specific changes to share right now ... Optus does not have plans to make 1,000 roles redundant," Optus said in a statement on Tuesday.

The newspaper said Singtel-owned Optus was cutting costs to help fund its deal for exclusive Australian broadcast rights for the English Premier League from next season.