Telstra announced its workforce that it is planning sweeping changes to the way it manages its operations, in a restructuring that is expected to generate another significant reduction in its employee headcount. About half of Telstra's 30,000 strong domestic workforce is affected by the changes, which will be introduced between now and July 1 when the new structure goes live. The changes were announced internally on May 22, 2013. The company would reorganize its operational activities into five groups and three of them - IT Solutions, Networks and Customer Service Delivery - are new. Two existing operational units, one covering the telco's work with and for the national broadband network and Telstra's new growth engine, Network Applications & Services, are retained. Underlying support functions will be common to all five groups. The restructuring is expected to produce a reduction in Telstra's headcount in Australia as it simultaneously expands overseas, and in Asia in particular.

Law firm Maddens Lawyers plans to launch a class action against Telstra Corporation Limited over the Warrnambool exchange fire last year. The law firm said the compensation offered by Telstra is inadequate and local businesses will seek to recover the losses they suffered due to the fire through the class action.

Telstra Corporation Limited (ASX:TLS) has abandoned its plans for the sale of Trading Post classifieds business to carsales.com Limited (ASX:CRZ). The Australian Competition & Consumer Commission opposed the sale of the Trading Post assets to Carsales in December on the grounds that it would reduce competition in the car classifieds market. Telstra has now ended the attempted resuscitation, "We are looking at options but Carsales is not an option at the moment,'' Telstra Head of digital content services Adam Good told Media. Adam Good confirmed Telstra was in discussions with other potential buyers of the Trading Post business, but declined to offer any names. "We are working on that at the moment,'' he said. It's reported that Telstra is now looking for a highest bidder to pick up the online classifieds business, with sources close to the deal tipping Fairfax Media Limited (ASX:FXJ) as a prime contender.