{"id":46650,"date":"2013-09-26T16:33:05","date_gmt":"2013-09-26T14:33:05","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=46650"},"modified":"2013-09-27T08:49:52","modified_gmt":"2013-09-27T06:49:52","slug":"how-telkom-plans-to-cut-costs","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/46650\/how-telkom-plans-to-cut-costs\/","title":{"rendered":"How Telkom plans to cut costs"},"content":{"rendered":"<p>\u201cThe need to continue cutting costs remains as urgent as ever,\u201d reads an internal communication attributed to <a title=\"Telkom\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/1637-Telkom\">Telkom<\/a> chief financial officer, <a title=\"Jacques Schindeh\u00fctte\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/3315-Jacques-Schindehutte\">Jacques Schindeh\u00fctte<\/a>.<\/p>\n<p>In the message sent to Telkom staff, Schindeh\u00fctte said that the best way to reduce costs at the company was to cultivate a company-wide culture of cost-consciousness.<\/p>\n<p>\u201cI again want to call on you to work smarter and to go about your job with a mindset of keeping expenditure to a minimum,\u201d Schindeh\u00fctte wrote.<\/p>\n<p>The internal document suggests that Telkom had previously cut its subscriptions to newspapers and the buying of bottled water from the budget.<\/p>\n<p>Schindeh\u00fctte said that in addition to these measures, Telkom has identified two other areas where costs can be cut:<\/p>\n<ul>\n<li>Telkom will no longer contribute towards employees attending year-end functions. \u201cEmployees who choose to participate in year-end functions will have to carry the costs themselves,\u201d the document states.<\/li>\n<li>Telkom will no longer contribute to gifts and flowers sent to employees on special occasions such as the birth of a child.<\/li>\n<\/ul>\n<p>Schindeh\u00fctte thanked those that submitted cost-cutting proposals and said that they are in the process of evaluating them. He invited employees to submit their ideas for cost cutting to an internal Telkom e-mail address.<\/p>\n<p>\u201cI want to reiterate that all these actions form part of a wider programme that aims to improve Telkom\u2019s financial performance,\u201d Schindeh\u00fctte wrote.<\/p>\n<p>He said that the cost-cutting programme is \u201cabsolutely critical\u201d to shape a sustainable future for Telkom and its employees.<\/p>\n<p>\u201cYour cooperation can and will make a difference,\u201d Schindeh\u00fctte said.<\/p>\n<p>Telkom did not provide comment on questions asked with regard to its cost-cutting programme by the time of publication.<\/p>\n<p>This article was <a title=\"Cost-cuting at Telkom\" href=\"http:\/\/mybroadband.co.za\/news\/business\/87645-cost-cutting-at-telkom.html\">first published on MyBroadband<\/a>.<\/p>\n<h3 class=\"my-4\">More news on Telkom<\/h3>\n<p><a title=\"Telkom is no darling: analyst\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/41262\/telkom-is-no-darling-analyst\/\"><strong>Telkom is no darling: analyst<\/strong><\/a><\/p>\n<p><a title=\"Telkom: time to stop subsidising Vodacom, MTN\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/46389\/telkom-time-to-stop-subsidising-vodacom-mtn\/\"><strong>Telkom: time to stop subsidising Vodacom, MTN<\/strong><\/a><\/p>\n<p><a title=\"Union collars Telkom over executive pay\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/45400\/union-collars-telkom-over-executive-pay\/\"><strong>Union collars Telkom over executive pay<\/strong><\/a><\/p>\n<p><a title=\"Telkom executive pay shock\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/45027\/telkom-executive-pay-shock\/\"><strong>Telkom executive pay shock<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Internal communication from the Telkom CFO reveals some details about the company\u2019s plans to curb costs<\/p>\n","protected":false},"author":12,"featured_media":26856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[26,1079,65],"class_list":["post-46650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-headline","tag-jacques-schindehutte","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/46650","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\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=46650"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/46650\/revisions"}],"predecessor-version":[{"id":46683,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/46650\/revisions\/46683"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/26856"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=46650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=46650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=46650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}