{"id":40110,"date":"2013-06-18T08:13:59","date_gmt":"2013-06-18T06:13:59","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=40110"},"modified":"2013-06-18T09:46:19","modified_gmt":"2013-06-18T07:46:19","slug":"telkom-restructure-incoming-report","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/40110\/telkom-restructure-incoming-report\/","title":{"rendered":"Telkom restructure incoming: report"},"content":{"rendered":"

Potential job cuts and the disposal of money-losing assets is looming at Telkom<\/a>, Business Report reported on Tuesday.<\/p>\n

The restructuring came at a time when the telecommunications company ramped up its bid to cut costs and position itself to compete in a cut-throat market.<\/p>\n

According to the report the overhaul could see further cuts to Telkom’s staff complement of 21,000, including flattening management layers.<\/p>\n

It also entailed a review of supplier contracts and the sale of properties countrywide.<\/p>\n

Plans were afoot to divest of loss-making and non-core businesses and services, and to pursue mergers and acquisitions using internal funds.<\/p>\n

Speaking at Telkom’s financial results presentation on Friday, chief executive Sipho Maseko<\/a> reportedly said suppliers would be effectively managed and would have to “eat their inflation” and “demonstrate their own cost management programmes”.<\/p>\n

He added that customers were unwilling to pay for inflation passed on to Telkom by suppliers.<\/p>\n

The decisive action was a clear indication that Maseko, who had completed about 90 days in office, would be aggressive in stabilising the company.<\/p>\n

More on Telkom<\/h3>\n

Telkom earnings sink\u00a0<\/strong><\/a><\/p>\n

Sipho Maseko the new Telkom CEO<\/strong><\/a><\/p>\n

Telkom impairs R12 billion in assets<\/strong><\/a><\/p>\n

Telkom appoints head of strategy<\/strong><\/a><\/p>\n

Telkom to appeal R449m fine<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Potential job cuts and the disposal of money-losing assets is looming at Telkom, Business Report reported on Tuesday.<\/p>\n","protected":false},"author":4,"featured_media":8900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[26,1177,2414,65],"class_list":["post-40110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-headline","tag-restructure","tag-sipho-maseko","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/40110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=40110"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/40110\/revisions"}],"predecessor-version":[{"id":40113,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/40110\/revisions\/40113"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/8900"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=40110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=40110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=40110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}