JOHANNESBURG – Telkom said it would begin consulting unions on Wednesday over its plans to retrench 3,000 employees.
The telecommunications company, which has over R11 billion worth of debt, announced it would be cutting thousands of jobs due to a weak economic environment and a rapid change in technology.
Telkom said while it had made the necessary investments in new revenue streams, the new trends in the telecommunications industry had taken a toll on its profits.
Labour unions called on the government to urgently intervene.
Solidarity’s Morné Malan said: “Trade unions have all agreed to the moratorium on retrenchments while discussions are ongoing. Mention was also made on approaching the minister of communication with regards to the release of spectrum, which is being cited as a huge issue affecting costs and revenue.”
Phalatse Vies For Top Job
Solar Panels For New RDP Houses
Steenkamps Oppose Pistorius Parole
Hill-Lewis confident Cape Town will lead breakaway from load shedding
ANC, EFF Coalition Poised To Unseat Ekurhuleni Mayor Tania Campbell
SARS ‘Rogue Unit’ Probe About Law Compliance – Mkhwebane
Eskom Investigates Kidnapping Of Employee
Sustainable Corporate Travel: A New Take On Travelling Light
Joburg Water Blames Constant Power Failures For Water Crisis
Gassing Up Western Cape Grid
Cosatu Wants Answers From Government Over Bester Escape
Ramokgopa Highlights Design Flaws In Medupi Construction