Telstra reveals radical restructure plan

Tel-colossus to shed 8,000 jobs, create new infrastructure company

Australia's dominant telco, Telstra, will cut 8,000 jobs, flatten its structure by slicing up to four layers of management, turn 1,800 consumer products into 20 (with a similar reduction in the number of enterprise products later), and put its infrastructure into a separate division that could be sold off in the future."