{"id":92458,"date":"2015-07-06T12:18:56","date_gmt":"2015-07-06T10:18:56","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=92458"},"modified":"2015-07-06T12:18:56","modified_gmt":"2015-07-06T10:18:56","slug":"telkom-retrenchment-packages-revealed","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/92458\/telkom-retrenchment-packages-revealed\/","title":{"rendered":"Telkom retrenchment packages revealed"},"content":{"rendered":"<p>Telkom has unveiled its voluntary severance packages and voluntary early retirement packages, which form part of the company\u2019s staff reduction strategy.<\/p>\n<p>Telkom is planning to cut 4,400 jobs through voluntary severance packages or voluntary early retirement packages. A further 3,400 employees will be transferred to outsourced companies.<\/p>\n<p>MyBroadband has now received information from Telkom employees that the functionality to accept voluntary severance packages has been made available to them.<\/p>\n<p>Telkom\u2019s voluntary severance package and voluntary early retirement package offers to staff are as follows:<\/p>\n<ul>\n<li>Severance pay \u2013 2 weeks\u2019 pay for each year\u2019s service for the first 10 years, and 1 weeks\u2019 pay for all additional years\u2019 work.<\/li>\n<li>Notice pay of up to 6 months\u2019 salary, depending on when the employee accepts the offer.<\/li>\n<li>Medical aid is dependent on scheme \u2013 different options are available.<\/li>\n<li>Leave pay will be based on leave days available until exit date.<\/li>\n<li>Long service award will be paid to employees who qualify up to their exit date.<\/li>\n<li>Contractual obligations, like study loans, bursaries, and telephone debt will be written off.<\/li>\n<li>Forfeitable shares due to the employee in terms of the share scheme will be vested in the employee\u2019s name.<\/li>\n<li>Social Plan \u2013 an amount of R40,000 will be made available to the employee, either in cash (taxable) or as payment for training purposes.<\/li>\n<\/ul>\n<p>Telkom was asked for comment regarding the voluntary severance packages and voluntary early retirement packages, but the company did not provide further details\u00a0by the time of publication.<\/p>\n<p>Source: <a href=\"http:\/\/mybroadband.co.za\/news\/business\/131280-here-is-what-telkom-employees-are-offered-to-leave-the-company.html\" target=\"_blank\">MyBroadband<\/a><\/p>\n<h3 class=\"my-4\">More on Telkom<\/h3>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/columns\/92128\/what-it-feels-like-to-be-retrenched\/\">What it feels like to be retrenched<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/92284\/telkom-bites-back-at-unions-over-retrenchments\/\">Telkom bites back at unions over retrenchments<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Telkom CEO wants retrenchments \u2018done as quickly as possible\u2019\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/91502\/telkom-ceo-wants-retrenchments-done-as-quickly-as-possible\/\" rel=\"bookmark\">Telkom CEO wants retrenchments \u2018done as quickly as possible\u2019<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Whites not targeted: Telkom\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/91360\/whites-not-targeted-telkom\/\" rel=\"bookmark\">Whites not targeted: Telkom<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telkom has unveiled its voluntary severance packages and voluntary early retirement packages, which form part of the company\u2019s staff reduction strategy.<\/p>\n","protected":false},"author":31,"featured_media":90052,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[26,65],"class_list":["post-92458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-headline","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/92458","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\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=92458"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/92458\/revisions"}],"predecessor-version":[{"id":92460,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/92458\/revisions\/92460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/90052"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=92458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=92458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=92458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}