Telkom looking to cut jobs

2011-02-10 07:16

Telkom met with unions this week to discuss potential job cuts, as the struggling fixed-line operator seeks to rein in costs, Business Day newspaper said today.

Telkom executives met with officials from the Communications Workers Union and the South African Communications Union on Tuesday, the newspaper said, citing union officials.

No one was immediately available for comment at Telkom. The company, which has been hamstrung by a money-losing Nigerian business, has been looking to cut costs and focus on its new mobile operation at home.

In November it said 186 managers had agreed to leave the company at a cost of R144 million.

Telkom’s agreement with unions not to cut jobs for two years expires next month, the paper said.

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