Telkom cut over 51,000 jobs in 25 years

Telkom , South Africa’s biggest telecommunications employer since 1994, has cut 51,360 jobs over the last 25 years.

More than 1,700 employees were affected, resulting in restructuring costs of R1 065 million, and the related tax impact of R288 million was recorded. Telkom’s latest staff cuts and retrenchments followed numerous similar processes over the last two decades.This may look like a company in terminal decline. However, the staff cuts involve more than poor performance.

However, things started to change around twenty years ago as it was set to lose its monopoly and list on the Johannesburg and New York stock exchanges. Despite the significant staff cuts since the early 2000s, Telkom was still considered inefficient and out of sync with its peers. These services required thousands of employees to ensure customers receive the services they pay for.

Telkom Investing

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The mobile data product that shocked South African mobile operatorsThirteen years ago, Telkom lit a fire under South Africa’s cellular industry.
Source: mybroadband - 🏆 11. / 67 Read more »

Best smartphones under R1,000 in South AfricaHere are five smartphones with the best hardware and features for under R1,000 in South Africa.
Source: mybroadband - 🏆 11. / 67 Read more »

Perfect storm about to hit South Africans earning more than R15,000 a monthSouth Africa’s middle class households are about to be pelted by another flurry of price hikes—adding to the financial pressures already in the mix.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Most expensive number plates in South Africa – with one costing over R100,000These are the most expensive number plate combinations in South Africa in 2024.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

R10,000 blow to car owners in South AfricaThe hawkish stance of the SARB’s Monetary Policy Committee is hitting those with car loans in South Africa.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

The average rent in every province in South Africa – with one now over R10,000The latest PayProp report revealed what the average rent is in each of South Africa’s nine provinces.
Source: BusinessTechSA - 🏆 24. / 61 Read more »