By Stuart Condie


SYDNEY--Australian telecommunications company Telstra plans to cut jobs at its troubled enterprise unit as part of an ongoing strategic review, helping cut 350 million Australian dollars in costs ($233.4 million).

Telstra on Tuesday said it aimed to cut 2,800 jobs including at its enterprise unit. It plans to streamline the unit's product portfolio, simplify its sales and service structure, and reduce its tech-services cost base.

The ASX-listed company said the strategic review, announced in February, would continue and it would provide a further update in August.

Telstra said it would also reshape some other internal operations by moving its global business services function into other parts of the business. It expects to record restructuring costs of A$200 million-A$250 million across its 2024 and 2025 fiscal years.

Telstra also said it was scrapping inflation-linked price increases to its post-paid mobile tariffs. It expects fiscal 2025 underlying earnings before interest, tax, depreciation and amortization of between A$8.4 billion and A$8.7 billion.


Write to Stuart Condie at stuart.condie@wsj.com


(END) Dow Jones Newswires

05-20-24 1912ET