Telkom starts retrenchment talks

File: Telkom announced a 66 percent drop in full-year profits on Monday.

File: Telkom announced a 66 percent drop in full-year profits on Monday.

JOHANNESBURG - Telkom intends retrenching at least 3,000 employees.

A consultation process with organised labour as part of the section 189 process begins on Wednesday.

READ: Unions plan pushback over looming job cuts at Telkom

The company is planning to axe the employees from May.

It cited a weak economy and declining performance of its fixed voice services for the retrenchments.

READ: Unions speak out against Telkom retrenchments

Some unions are calling for the board to be fired.

They say it's shown gross leadership failure over the last five years and a lack of strategic direction and planning.

The CCMA will facilitate the process.

Source
eNCA