South African phone company Telkom, has accepted 1 184 applications for voluntary redundancy, reducing its workforce by about 8.5%. The operator made the offer to staff after negotiations between the Pretoria-based company and unions to eliminate 6 000 jobs by July were unsuccessful. Telkom received 1,649 applications to exit the landline provider, according to a letter from Chief Executive Officer Sipho Maseko seen by Bloomberg.
“On my recent national roadshow with all our staff, I described these next few months as the last steep hill at the end of a long and hard marathon,” Maseko said in the note.
“We have made so much progress and we all want to get to that finish line.”
Maseko has been trying to reduce the financial burden from the company’s older, well-paid workforce since taking the helm almost three years ago, while attempting to grow the mobile-data business. The company has a workforce of 14 000 in South Africa.
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