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CSD Asset Management: all staff facing redundancy should be offered retraining

The CWU has told Telstra that all staff facing redundancy as a result of the restructure of CSD Asset Management should be offered retraining, in line with Telstra’s responsibilities under its $100 million training agreement with the Commonwealth. 

The downsizing will involve the loss of 70 Telstra roles with 34 new ones being created. 

Telstra says that its changes to Asset Management reflect its need to reorganise proactively as its assets are progressively transferred to the NBN. So any staff facing redundancy are clearly prime candidates for retraining under the terms of the training deed.

The CWU has pointed out that the area most affected by the proposal – the NRF team in Tasmania – is already dealing with very high work volumes and could scarcely afford to lose staff.

Telstra acknowledges this issue but says its plan is to reduce transaction volumes by outsourcing routine functions to any industry partner (in this case to TATA in India), while keeping higher level technical work on-shore. 

The CWU will be seeking further feedback on this proposal from affected members before it meets again with Telstra.

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