Telkom to slash 7800 jobs in 2 months - Solidarity

(Also read "Telkom declares plunging debt, first dividends since 2011. We interview its CEO".)

Trade union Solidarity says Telkom is planning to shed 7800 jobs within two months.

A statement by the union discusses the telecoms firm’s plans to cut 4400 jobs through voluntary severance and early retirement packages.

A further 3400 permanent workers will get a transfer to other companies.

We interviewed Maruis Croucamp, Head of the Communications Sector for Solidarity, and Jacqui O'Sullivan, Group Managing Executive of Communication and Public Relations at Telkom.

Listen to the audio (scroll down) for more detail.

Our staff expense to revenue ratio is not acceptable. We need to either increase our revenue and/or increase efficiencies. If we must lose staff we’ll be transparent about it.

Sipho Maseko, Telkom CEO

If any of the 3400 workers don’t get work at another company they too will get retrenched. It’s been an aggressive strategy and they haven’t shared with us what their plans are.

Maruis Croucamp, Head of the Communications Sector for Solidarity

The Telkom of the future has to be the right size. We need to improve our staff to revenue ratio. Solidarity’s numbers are wrong. We’re looking to cut 4400 jobs.

Jacqui O'Sullivan, Group Managing Executive of Communication and Public Relations at Telkom

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