Service Stream, a National Broadband Network construction partner, has indicated that it might to slash 100 jobs as it tries to control falling profits.

The uncertainties relating to the NBN joint venture are affecting the company's profitability. It is aiming to improve its financial position, which has been affected by continuing issues with Syntheo, which is its joint venture with Lend Lease, which holds several lucrative construction contracts to build the NBN.

Service Stream employs about 2000 workers and some have suggested that the company could cut jobs at specialist telco construction firm. Jobs cuts might impact the company's fixed communications arm of Service Stream, which contains the Syntheo joint venture. The unit has been under review from the management since the shares of the company were suspended.

The company had suspended share trading 12 June, 2013 at the ASX indicating a fall in profits and is expected to resume trading on 8 July 2013. The share prices stands at 14c, which is close its lowest level ever. The company has said that it is using the time to cut costs and negotiate an exit from its Syntheo partnership.