New details emerge on Telkom retrenchments

Telkom has approved 689 voluntary severance package applications, with most of the employees leaving between 31 August 2015 and 31 March 2016.

This is according to a well-placed source, who said that of the 689 packages which were approved by Telkom, 330 employees are going on early retirement.

This follows the departure of 2,393 employees on 31 July, and forms part of Telkom’s restructuring plans.

The average age of the 689 employees who will leave the company is 47 years, and the group consists of 549 males and 140 females.

The majority of the people who applied for these packages are African (347), followed by white (191), coloured (97), and Indian (54) employees.

The total years of service at Telkom which will be lost by the latest departure of employees comes to 15,626.

Telkom could not immediately provide comment on the matter.

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New details emerge on Telkom retrenchments