Thousands of Telstra employees are facing job losses as the company announces an overhaul. Infrastructure will be sold off, potentially by overseas buyers with the aim of Telstra to be saving $2.5 billion by the 2022 financial year. As Australia has seen its fair share of job cuts in the past, this could shape up to be one of the biggest the country has ever seen. Rupert Evans, deputy national president community and public sector union, along with Dr Richard Denniss, Chief Economist at the Australian Institute spoke with The Wire’s Matt Welch.
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