(Adds dropped word "legacy" in headline)
May 29 (Reuters) - Telstra Corporation Ltd TLS.AX :
* EXPECTS TO MAKE A NON-CASH IMPAIRMENT AND WRITE DOWN OF VALUE OF ITS LEGACY IT ASSETS BY AROUND $500 MILLION
* IS INCREASING GUIDANCE ON ITS RESTRUCTURING COSTS FOR FY19 BY AROUND $200 MILLION,
* EXPECTED TO LEAD TO A NET REDUCTION OF AROUND 8,000 EMPLOYEES OVER THREE YEARS
* EXPECTS TOTAL FY19 RESTRUCTURING COSTS TO INCREASE FROM AROUND $600 MILLION TO AROUND $800 MILLION
* EXPECTS TOTAL REMAINING RESTRUCTURING COSTS, AFTER FY19, FROM T22 INITIATIVES TO BE IN VICINITY OF $350 MILLION
* EXPECTS TO HAVE ANNOUNCED A REDUCTION OF ABOUT 6000 ROLES BY END OF FINANCIAL YEAR
* REDUCTION OF ABOUT 6000 ROLES BY END OF FY PUTS CO ON TRACK TO REACH PREVIOUSLY ANNOUNCED NET COST OUT TARGET OF $2.5 BILLION BY END OF 2022
* COMMENCED CONSULTATION ON PROPOSED JOB REDUCTIONS PREVIOUSLY EXPECTED IN 1HFY20, RELEVANT RESTRUCTURING COST BROUGHT FORWARD TO FY19 Source: https:// Further company coverage: TLS.AX