Business
3 hours ago
Telkom to retrench 15% staff
JOHANNESBURG - Telkom plans to retrench 15 percent of its workforce in its latest round of restructuring.
The country’s third-largest mobile operator has been struggling for years with a steady decline in its legacy fixed-line business.
It's understood that an internal memo cited the impact of sustained power cuts on the company’s costs.
The group also says it’s been challenged with managing the costs associated with the different technologies.