Annual retrenchment gala in full swing.
Telkom has announced plans to restructure its business, outsourcing noncore operations, rationalising its IT systems and closing retail stores, among other cost-saving moves.
The company has promised to keep job losses to a minimum and has denied a claim by labour union Solidarity, made earlier on Monday, that job cuts are planned in its field service (maintenance) division.
It hopes to improve cost efficiencies within its Telkom Direct Stores, in it... Read more
Playing catchup or leapfrog?
CELL C is in talks with Huawei Technologies and ZTE about developing its high-speed network, CEO Jose dos Santos said.
The phone company is in late-stage negotiations with the Chinese manufacturers about building its first commercial 4G-technology network and may complete the deal at Mobile World Congress next week, Mr dos Santos said in an interview on Tuesday.
Cell Cs fast-data strategy would focus on developing long-term evolution service for busi... Read more
Company on the road to far profit again.
The strong rally in Telkoms share price has continued, with the counter touching a fresh five-year high of R70 in early trading on the JSE on Tuesday. Since its low point 18 months ago, TelkomҒs share price has now climbed by just shy of 500 percent. A R10 000 investment in Telkom on 6 May May 2013, when its share bottomed at R11,93/share, would today be worth R48 676. The last time Telkoms share price traded at such levels was before it disposed of ... Read more
Retrenchments among worst times to be a pesky white.
Trade union Solidarity on Thursday warned Telkom not to use race in deciding which employees to retrench.
Solidarity today gave Telkom a final warning to abandon the race criteria it uses for retrenchments,Ӕ the unions industry head Marius Croucamp said in a statement.
He said it was unlawful to do so.
ғHow can any employer penalise an employee based on his or her race in the decision-making process to retrench people? This criterion i... Read more
Bloody white people getting in the way of progress again, the bastards.
Telkom will consider employment equity in its latest round of planned job cuts, which could affect more than 2 600 management-level employees, a media report said on Wednesday.
This means that partially state-owned and JSE-listed telecommunications operator plans to target white, male employees when making job cutsӔ, according to a report published by Bloomberg, which quotes trade unions as its source.
White males, the news agency says, make up... Read more