[Reuters] NZ's Telecom to slash over 1,000 jobs, more cuts to come - 03/27/13 09:47 PM
WELLINGTON (Reuters) - Telecom Corp said it will slash around 16 percent of its workforce to reduce costs by up to NZ$110 million ($92 million), the country's biggest telecommunications group said on Thursday, warning of more to come as it restructures its ailing businesses.