Telkom has pointed to\u00a0an urgent need to address its cost base, including its human capital requirements, after a report indicated that the telco is aiming to reduce its workforce by a third over the next five years.<\/p>\n
Bloomberg reported that\u00a0Telkom<\/a>\u00a0CEO\u00a0Sipho Maseko<\/a>\u00a0is planning to sack as many as 1,000 managers as part of a\u00a0strategy to turn the struggling telco around \u2013 a process which he described to Bloomberg as being a \u201ccomplex transformation\u201d.<\/p>\n According to the report, in addition to its 21,000 employees, Telkom also uses approximately 3,000 contracted employees.<\/p>\n In a statement on Friday (10 January), Telkom stressed however, that to\u00a0date a decision regarding staff reduction has not been reached and therefore no action has been implemented.<\/p>\n In June last year, Telkom said that approximately 1,400 bargaining unit and 178 management employees had exited the compnay up to 31 May 2013 as part of its bargaining process.<\/p>\n The statement read as follows:<\/p>\n \u201cTelkom is always reviewing its business operations with the goal of reducing costs and ultimately developing a more commercially sustainable business.<\/p>\n “In recent months Telkom has taken several steps toward improving the performance of the business and the immediate successes have been indicated – but there is still more to do and achieve.<\/p>\n “There is an urgent need for Telkom to address its cost base including its human capital requirements as it substantially and directly impacts the Company\u2019s performance.<\/p>\n “Telkom employees and the market have been made aware of the endeavor to improve efficiencies.<\/p>\n “To this end the reduction of staff costs has been reviewed and proposals regarding the approach to be implemented are still under consideration.”<\/p><\/blockquote>\n Aggressive job cuts at Telkom: report<\/strong><\/a><\/p>\n Telkom in talks with Naspers and Netflix<\/strong><\/a><\/p>\n Telkom has pointed to an urgent need to address its cost base including its human capital requirements.<\/p>\n","protected":false},"author":9,"featured_media":26856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[26,6969,65],"class_list":["post-51534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-headline","tag-sipho-maseka","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/51534","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=51534"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/51534\/revisions"}],"predecessor-version":[{"id":51539,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/51534\/revisions\/51539"}],"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=51534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=51534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=51534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}More on Telkom<\/h3>\n
Telkom shares surge 4%<\/a><\/strong><\/h3>\n","protected":false},"excerpt":{"rendered":"