Telkom, the South African telecommunications company, has announced job cuts as part of its ongoing restructuring efforts.
- Telkom has cut close to 1,200 jobs as part of its restructuring efforts, with more job cuts expected to come.
- The job cuts are part of Telkom’s efforts to reduce costs and streamline its operations in a highly competitive market.
- Telkom has previously announced job cuts in 2016 and 2018, with the company citing various reasons such as reducing call termination rates and outsourcing jobs.
- The job cuts are expected to impact up to 15% of Telkom’s total employees across all business units and subsidiaries.
- Telkom has offered voluntary retirement and severance packages to affected employees.
- The Communications Workers Union (CWU) has criticized Telkom’s executives for getting rich by sacking workers and has called for a moratorium on job cuts.
- Telkom’s restructuring efforts come as the company faces increasing competition from other telecommunications providers in South Africa.