Telkom announced on Wednesday (25 June 2014) that it has published its new management structures, which will inform staff members on the safety of their current positions.<\/p>\n
The telco has said that 2,635 management staff will be affected by a restructuring process which forms part of its \u201cFit for the Future\u201d project with the firm intending to shrink its \u201cmanagement layer\u201d by as much as 25%.<\/span><\/p>\n Unions have put the number of expected retrenchments at 1,000 senior employees.<\/p>\n Telkom recently noted that it reduced its employee count by\u00a09.5% during the financial period ended March 2013, to 19,197, from 21,209\u00a0 before.<\/p>\n Some managers and specialists will be safe from possible retrenchments, while others will have to apply for their altered positions or new positions.<\/p>\n Telkom has colour coded their new job structures. \u201cAll employees in yellow or green roles will receive letters confirming them in their current positions,\u201d it said.<\/p>\n \u201cFor affected employees, the placement process will kick off with a formal application process which opens for all red, blue, green and vacant yellow roles on 26 June 2014,” it added.<\/p>\n Telkom said that an option to apply for a Voluntary Separation Package (VSP) or Voluntary Early Retirement Package (VERP) will be made available.<\/p>\n It stressed that applications must be submitted between 26 June and 30 June for all levels M5\/S5 and above.<\/p>\n \u201cTimelines for placements remain unchanged and a detailed placement schedule will be published on 1 July 2014,\u201d the company said.<\/p>\n “You are encouraged to please ensure you stay involved and informed,” it told its employees.<\/p>\n Telkom cuts workforce by 9.5%<\/strong><\/a><\/p>\n Telkom\u2019s new retrenchment timeline<\/strong><\/a><\/p>\nMore on Telkom<\/h3>\n