NBNCo, Australia’s “National Broadband Network” is expected downsize its workforce by approximately 10%, resulting in the loss of 500 staff by making jobs redundant by the end of the financial year (June 30th) in a fight with Telstra, Optus, TPG Telecom and Vocus over wholesale costs
According to NBN Co, the upcoming redundancies will predominantly affect middle and senior management positions across all business units. However, it is possible that employees at other levels may also be impacted by the company’s decision.
According to a spokesperson, the redundancies will impact all business units and most levels of the organisation, and they are anticipated to be implemented by June 30th of this year.
“The company is seeking to preserve and grow field-based roles associated with its national fibre upgrade program and the ongoing upgrades to its fixed wireless and satellite network.”
“The majority of redundancies are expected to affect middle and senior management roles,” the spokesperson said.
In the last few months, a flurry of activity has swept across the industry as NBN Co has signed deals with tech giants Nokia and Ericsson to launch fixed wireless services.
In a report on the state of the National Broadband Network (NBN) market, the regulator has revealed that the residential broadband market had stalled out, with no growth to speak of in the final quarter of 2022.
The NBN spokeperson says the company’s priority is to consult and communicate directly with employees in the first instance.
Australian consultant closely involved with the original NBN plan 15 years ago, Paul Budde, says NBNCo is “facing increased competitive pressure from the other players in the market
Mr Buddle is an expert in analysing the telecommunications, internet, e-commerce and broadcasting markets to identify major business trends and developments in todays digital sharing and interconnected economy.
He points out that the increased costs the NBN is incurring because of what he called a “convoluted and inferior approach” to technology.
Last month NBNCo set out on a recruitment drive for service technicians across Australia’s far reaching regional areas.
