Telecommunications incumbent Telstra has refuted a report that up to 1200 back office jobs will be outsourced overseas as part of a restructuring proposal carried out under it renewal initiative, Project New.

The report claims an outsourcing request for proposal was issued this week for finance and accounting positions. It also claims that vendors such as IBM and HP Enterprise Services are intending to bid for the tender.

A Telstra spokeswoman confirmed that the company is in the market for a request for proposal process for some back of house services, but denied 1200 jobs would be outsourced, but would not comment on how many jobs may go.