Telstra Reviewing Impact Of NBN Co's Corporate Plan 2020 On FY20 Outlook [Reuters]
TELSTRA CORP S/ADR (TLSYY)
NASDAQ:AMEX Investor Relations:
telstra.com.au/aboutus/investors
Company Research
Source: Reuters
Telstra Corporation Ltd (TLSYY.PK) Key Developments | Reuters.com May 29 (Reuters) - Telstra Corporation Ltd ::EXPECTS TO MAKE A NON-CASH IMPAIRMENT AND WRITE DOWN OF VALUE OF ITS LEGACY IT ASSETS BY AROUND $500 MILLION.IS INCREASING GUIDANCE ON ITS RESTRUCTURING COSTS FOR FY19 BY AROUND $200 MILLION,.EXPECTED TO LEAD TO A NET REDUCTION OF AROUND 8,000 EMPLOYEES OVER THREE YEARS.EXPECTS TOTAL FY19 RESTRUCTURING COSTS TO INCREASE FROM AROUND $600 MILLION TO AROUND $800 MILLION.EXPECTS TOTAL REMAINING RESTRUCTURING COSTS, AFTER FY19, FROM T22 INITIATIVES TO BE IN VICINITY OF $350 MILLION.EXPECTS TO HAVE ANNOUNCED A REDUCTION OF ABOUT 6000 ROLES BY END OF FINANCIAL YEAR.REDUCTION OF ABOUT 6000 ROLES BY END OF FY PUTS CO ON TRACK TO REACH PREVIOUSLY ANNOUNCED NET COST OUT TARGET OF $2.5 BILLION BY END OF 2022.COMMENCED CONSULTATION ON PROPOSED JOB REDUCTIONS PREVIOUSLY EXPECTED IN 1HFY20, RELEVANT RESTRUCTURING COST BROUGHT FORWARD TO FY19. Full Article April 9 (Reuters) - Telstra Corp
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