Solidarity says that Telkom has officially acknowledged that it is contemplating retrenchment at managerial levels to achieve its goals.<\/p>\n
The admission came in a meeting with trade unions, held on 25 April 2014.<\/p>\n
The South African Communications Union (SACU) has informed its members that Telkom\u2019s \u201cmanagement restructuring program\u201d is aimed at improving \u201cdecision effectiveness\u201d.<\/p>\n
According to SACU, Telkom expects the restructuring to result in a 30% to 40% improvement in effectiveness over the next 3 years. The company will also aim to inject new management talent into the company.<\/p>\n
Telkom announced that it will reduce the number of job levels in the company from 11 to 8. At this stage, the reduction of job levels will only affect managers.<\/p>\n
SACU president Michael Hare noted that Telkom said that it expects up to 1,000 management job cuts over the next three years.<\/p>\n
All managers will be informed by 12 May 2014 about the new job levels, and how it would affect them. The process is expected to be concluded within 2 months.<\/p>\n
In response to the issue Telkom said that it \u201ccontinues to review its operations to improve performance and create greater efficiencies\u201d.<\/p>\n
\u201cThe company is considering all options in all areas of the business that lend itself to cost containment including staff restructuring as part of the company’s turnaround strategy,\u201d Telkom said.<\/p>\n
CCMA arbitration proceedings regarding this issue are scheduled for the 13th of May 2014.<\/p>\n
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