Telkom SA SOC Ltd. plans to eliminate at least 24% of its workforce as Chief Executive Officer Sipho Maseko seeks to make Africa’s dominant landline provider more competitive against Vodacom Group Ltd. and MTN Group Ltd.
About 4,400 staff will leave Pretoria-based Telkom through voluntary severance and early retirement, according to spokeswoman Jacqui O’Sullivan. Telkom employed 18,333 people as of March 31, 2015. The carrier also plans to outsource as many as 3,400 positions, although some of the workers affected may receive Telkom contracts in the future, she said…
South Africa Today – South Africa News
