Telkom to Retrench Almost 15% of its Employees

Telkom has announced that they are going to be starting a formal retrenchment of their employees with almost 15% of its workforce to be laid off.

Telkom has disclosed that they will be starting a formal retrenchment process. It is expected that almost 15% of their workforce is going to be laid off.

As the group manages the delicate migration of revenue between old to new technologies, it is challenged with managing the costs associated with the different technologies, the competitiveness and sustainability of the group.

Telkom’s Note to Shareholders

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