Pick n Pay Confirms Launch of PnP Mobile on MTN’s Bozza Network

Pick n Pay has confirmed the launch of its own mobile virtual network operator (MVNO). Techcentral reported on Tuesday that Pick n Pay will be...

Latest Posts

ICASA To Charge Telcos For COVID-19 Temporary Emergency Spectrum

The Independent Communications Authority of South Africa (ICASA) announced today that it had approved the amendment of the ICT COVID-19 National State of Disaster...

Business Leaders Should Know The Right Questions To Ask of the New Digital Economy

Simon Sinek, American author and motivational speaker has some great advice for us as we adapt to changing times. “If you go down the...

Toyota Taps Vodacom For In-Car Streaming Services

Toyota South Africa Motors (TSAM) has selected Vodacom as partner to provide in-car streaming services. The new streaming service will be available to Toyota Connect...

Discovery CHRO Tswelo Kodisang is the 2020 CHRO Of The Year

The second annual CHRO Awards celebrated the best and brightest of SA’s HR leaders and the overall winner was Discovery's Tswelo Kodisang. Kodisang, Discovery...

Telkom to retrench 7 800

As part of its turnaround plan Telkom is planning to retrench close to 7 800 employees within two months, according to Solidarity Union.

Telkom’s net revenue rose 3.1% to R26 billion and net debt slashed 92,8% to R151 million in the year to end-March 2015, paving the way for it to reward its shareholders with a dividend and a special divided totaling 245 cents per share

There are hurdles along the way as the firm deals with its cost cutting exercise, which involves staff retrenchments and outsourcing, plus intense competition in the market.

Trade union Solidarity questioned the scale of Telkom’s retrenchment plans that were announced on Tuesday. At an information session in Olifantsfontein on Tuesday, Telkom announced its plans to get rid of an additional approximately 7 800 employees within two months.

Telkom’s plans include cutting its workforce by 4 400 through Voluntary Severance Packages and Voluntary Early Retirement Packages.

Earlier this year, 724 employees have already accepted packages.

If this new target is not met, forced retrenchments will follow in July to attain the desired number.

Another 3 400 permanent employees contract workers will be transferred to other companies. This is in addition to the 1 170 employees that have already been transferred through section 197 business transfer processes as several business portfolios within the company had already been outsourced.

“In February this year, Solidarity warned that major job cuts were looming,” said Marius Croucamp, Head of Solidarity’s Communications Industry. “We have been pressurising Telkom since the beginning of this year to come clean regarding the number of people that will be affected and we are still questioning whether this drastic action will put the company on a sustainable path.”

The union announced that it will question each and every job cut that will specifically affect its members, and it will demand that these job cuts must be motivated at company level as well as at departmental and service level in Telkom.

“If Telkom carries on in this vein, an empty shell is all that will remain of the company, and the inadequate service delivery that we are already experiencing will worsen as it will actually be the skilled employees that will be deterred by this major uncertainty.”

Latest Posts

ICASA To Charge Telcos For COVID-19 Temporary Emergency Spectrum

The Independent Communications Authority of South Africa (ICASA) announced today that it had approved the amendment of the ICT COVID-19 National State of Disaster...

Business Leaders Should Know The Right Questions To Ask of the New Digital Economy

Simon Sinek, American author and motivational speaker has some great advice for us as we adapt to changing times. “If you go down the...

Toyota Taps Vodacom For In-Car Streaming Services

Toyota South Africa Motors (TSAM) has selected Vodacom as partner to provide in-car streaming services. The new streaming service will be available to Toyota Connect...

Discovery CHRO Tswelo Kodisang is the 2020 CHRO Of The Year

The second annual CHRO Awards celebrated the best and brightest of SA’s HR leaders and the overall winner was Discovery's Tswelo Kodisang. Kodisang, Discovery...

Don't Miss

SA’s Minibus Taxi Passengers To Get Free Internet Access

Leep Africa, a Johannesburg-based South African company, has developed the world’s first Internet of Things (IoT) mobile hotspot network. Its product, Leep Connect, will...

Google, Telkom Pledges To Invest in South Africa’s Growth

A total of 50 companies, including Google and Telkom, have pledged R109.6 billion at the third annual South Africa Investment Conference. Today’s collective pledge brings...

Vodacom Business Launches Exciting New Solutions Powered By 17 AWS Services

Vodacom Business has worked with Amazon Web Services (AWS) Professional Services, to develop the Vodacom Business Cloud Acceleration Suite for organisations who are looking...

Checkers Sixty60 Wins Gold at the Loeries

Checkers Sixty60 picked up a gold award in the Service Design category at the 2020 Loerie Awards. Sixty60, the first one hour grocery delivery service...

Capitec and Empowerment Capital Invest In FinTech Firm Xago

Xago announced on Wednesday that it had received a substantial investment from Imvelo Ventures.  Xago is an innovative South African FinTech that focuses on an...

Stay in touch

To be updated with all the latest news, offers and special announcements.