We must cut jobs to save the company – Telkom

Telkom must cut jobs to safeguard the company’s sustainability.

This is according to a statement from the Telkom Group, which said it has started a consultation process with organised labour as part of a section 189 process.

“Telkom approached the CCMA to facilitate the process,” it said.

“Rapid changes in technology remain a key challenge for the group. While Telkom has made the necessary investments in new technologies and revenue streams, particularly in the fast-growing mobile business, this has taken its toll on profitability.”

Telkom is planning to cut as many as 3,000 jobs across the company, according to reports from earlier this month.

The job cuts will reportedly happen in phases – with the first phase from January to April.

Macro environment

Telkom went on to state that besides the difficult macroeconomic environment “confronting all companies operating in South Africa”,  Telkom must reposition itself amid fundamental changes within the telecommunications

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