Achieved without layoffs and retrenchments.
hings are looking up for Telkom’s loss-making mobile phone business as the company on Friday reported stronger revenues. For the quarter ended June 30, Telkom said that its mobile net revenue was up 68.5% to approximately R350m. Telkom Mobile still incurred a loss of approximately R30m during the quarter but the company noted that “this is an 87.9% improvement compared to the prior comparative period”.... Read more
Heartfelt letter for the now-jobless 2,400.
Telkom on Thursday confirmed that almost 2 400 employees’ applications for voluntary severance and early retirement packages have been accepted by the telecommunications operator. Most of these employees will leave Telkom today, Friday. A total of 2 393 people will leave Telkom’s employ, representing 13% of the company’s total workforce. On Thursday afternoon, Telkom CEO Sipho Maseko wrote a letter to the departing employees in which he encouraged th... Read more
Millions a month while the rest of us still have overpriced, crap internet.
TELKOM, the South African landline operator embroiled in a fight with unions over a plan to cut jobs, more than doubled its executive directors’ wage bill in the 2015 fiscal year. Total compensation for CEO Sipho Maseko rose 5.1% to R12.3m, former chief financial officer Jacques Schindehütte received R18.8m compared with R6m a year earlier, and Mr Schindehutte’s replacement was paid R8.7m, according to the company’s annual report for the year ended ... Read more
Annual unemployment by parastatal continues.
Nearly 2 400 employees’ applications for voluntary severance packages have been accepted by telecommunications operator Telkom. According to Solidarity, 2 393 applications were accepted by Telkom management. These staff will serve their last day at the company tomorrow (Friday), the union said in a statement. According to Telkom’s most recent annual report, the company employeed 18 441 staff at the end of March 2015. Telkom’s workforce will therefore... Read more
One percenters rejoice.
Group chief executive officer of Telkom, Sipho Maseko, has said smaller fibre providers are placing “relentless pressure” on the company’s wholesale and networks unit. This is according to an excerpt from Maseko’s strategic review in Telkom’s integrated report for 2015, which was released this month.... Read more