Optus to axe up to 480 jobs as it revamps divisions

Singapore

OPTUS, Australia's second biggest mo-bile phone carrier, plans to cut as many as 480 jobs as it revamps its consumer and enterprise divisions and seeks sustainable growth.

The unit of Singapore Telecommunications Ltd notified affected employees on Monday, with some likely to be offered alternative positions within the company, said a Singtel official who asked not to be identified as per company policy. The official declined to say how much money the changes would save. The Australian newspaper reported the planned number of job cuts earlier on Monday.