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South Africa's Telkom could cut 3,000 jobs: letter to unions


Added 01-15-20 03:03:02pm EST - “South African telecoms company Telkom SA told unions on Wednesday it could cut u...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “South Africa's Telkom could cut 3,000 jobs: letter to unions”. Below is an excerpt from the article.

JOHANNESBURG (Reuters) - South African telecoms company Telkom SA (TKGJ.J) told unions on Wednesday it could cut up to 3,000 of more than 15,000 staff as it struggles with declining performance in fixed voice and fixed data services.

Like other African telecoms firms, Telkom, in which the government holds a stake of about 40%, is trying to keep pace with a surge in demand for the internet and data with growing smart phone usage.

It is also grappling with organizational and operational inefficiencies linked to fixed voice and data services, which require more staff to install, maintain and market, it said in a letter to unions seen by Reuters.

The telecom provider said it will consider voluntary severance and early retirement packages for employees affected by phase one of the job cut, which will affect employees at Openserve and the Consumer divisions from January to April.

The affected jobs include support employees, specialist, operational employees and supervisory and management levels in its wholesale division Openserve, the consumer unit as well as in its corporate center.

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