Close Menu
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact

Subscribe to Updates

Get the latest technology news from TechFinancials News about FinTech, Tech, Business, Telecoms and Connected Life.

What's Hot

AI Girlfriend Applications Tested for Context Awareness and Personalization

2026-01-24

Why more and more investors are no longer “waiting for the market” and choosing daily income from crypto

2026-01-24

Why Bitcoin and XRP Holders Are Rethinking Income in 2026—and What Comes Next

2026-01-23
Facebook X (Twitter) Instagram
Trending
  • AI Girlfriend Applications Tested for Context Awareness and Personalization
Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp RSS
TechFinancials
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact
TechFinancials
Home»Breaking News»2293 Telkom workers accepted voluntary severance pay
Breaking News

2293 Telkom workers accepted voluntary severance pay

Gugu LourieBy Gugu Lourie2015-07-30No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

By Gugu Lourie

More than 2, 300 employees at the country’s fixed-line telephone group Telkom have accepted voluntary severance packages, trade union Solidarity said late on Thursday.

Solidarity said Telkom has approved 2, 293 applications for voluntary severance packages and added that these employees’ services will officially end tomorrow.

Marius Croucamp, Solidarity spokesman,  said this number of applications comes as no surprise to the union.

“Given the volatile climate within Telkom, we anticipated that a significant amount of employees would prefer to leave the company. Nonetheless, we remain highly concerned about the exodus of skilled Telkom workers and how this will affect the company’s future endeavours and delivery of services,” Croucamp said.

Under pressure because of the need to continue reviving itself, Telkom is moving ahead with its cost-cutting push despite opposition from three trade unions.

Tough decisions await Telkom

The company was forced to halt its Section 189 retrenchment process to cut 4 400 jobs and move 3 200 people to outsourced businesses after the unions went to court.

But the company will now look at alternative ways to cut costs. These measures include voluntary retrenchment, the introduction of flexitime and a possible wage freeze, Telkom CEO Sipho Maseko, said two weeks ago.

Telkom will offer Voluntary Severance Pacakages and Voluntary Early Retirement Packages to nonunionised members, who account for 40% to 45% of its workforce.

 

  • Email TechFinancials.co.za at [email protected]

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Gugu Lourie
Gugu Lourie

Related Posts

Chery SA to Buy Nissan Rosslyn Plant, Save Jobs

2026-01-23

Directing The Dual Workforce In The Age of AI Agents

2026-01-22

Huawei Says The Next Wave Of Infrastructure Investment Must Include People, Not Only Platforms

2026-01-21

South Africa: Best Starting Point In Years, With 3 Clear Priorities Ahead

2026-01-12

How SA’s Largest Wholesale Network is Paving the Way for a Connected, Agile Future

2025-12-02

Oni-Tel Launches Inter-Data Centre Fibre Network With Digital Parks Africa As First Point Of Presence

2025-11-27

Vodacom Announces Multi-Year Strategic Collaboration With Google Cloud to Boost Africa’s AI Advancement

2025-11-25

Telkom Consumer Fuels Growth With Prepaid, Data Strategy

2025-11-18

Digital Public Infrastructure: The Need for Leadership And Sovereignty In South Africa’s Digital Future

2025-11-03
Leave A Reply Cancel Reply

DON'T MISS
Breaking News

Chery SA to Buy Nissan Rosslyn Plant, Save Jobs

In a major development for South Africa’s automotive industry, Nissan and Chery SA have reached…

Directing The Dual Workforce In The Age of AI Agents

2026-01-22

Huawei Says The Next Wave Of Infrastructure Investment Must Include People, Not Only Platforms

2026-01-21

South Africa: Best Starting Point In Years, With 3 Clear Priorities Ahead

2026-01-12
Stay In Touch
  • Facebook
  • Twitter
  • YouTube
  • LinkedIn
OUR PICKS

The EX60 Cross Country: Built For The “Go Anywhere” Attitude

2026-01-23

Why Legal Businesses Must Lead Digital Transformation Rather Than Chase It

2026-01-23

Mettus Launches Splendi App To Help Young South Africans Manage Their Credit Health

2026-01-22

Over R270M In Phuthuma Nathi Dividends Remain Unclaimed

2025-11-27

Subscribe to Updates

Get the latest tech news from TechFinancials about telecoms, fintech and connected life.

About Us

TechFinancials delivers in-depth analysis of tech, digital revolution, fintech, e-commerce, digital banking and breaking tech news.

Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp Reddit RSS
Our Picks

AI Girlfriend Applications Tested for Context Awareness and Personalization

2026-01-24

Why more and more investors are no longer “waiting for the market” and choosing daily income from crypto

2026-01-24

Why Bitcoin and XRP Holders Are Rethinking Income in 2026—and What Comes Next

2026-01-23
Recent Posts
  • AI Girlfriend Applications Tested for Context Awareness and Personalization
  • Why more and more investors are no longer “waiting for the market” and choosing daily income from crypto
  • Why Bitcoin and XRP Holders Are Rethinking Income in 2026—and What Comes Next
  • How Local Leaders Can Shift Their Trajectory In 2026
  • The EX60 Cross Country: Built For The “Go Anywhere” Attitude
TechFinancials
RSS Facebook X (Twitter) LinkedIn YouTube WhatsApp
  • Homepage
  • Newsletter
  • Contact
  • Advertise
  • Privacy Policy
  • About
© 2026 TechFinancials. Designed by TFS Media. TechFinancials brings you trusted, around-the-clock news on African tech, crypto, and finance. Our goal is to keep you informed in this fast-moving digital world. Now, the serious part (please read this): Trading is Risky: Buying and selling things like cryptocurrencies and CFDs is very risky. Because of leverage, you can lose your money much faster than you might expect. We Are Not Advisors: We are a news website. We do not provide investment, legal, or financial advice. Our content is for information and education only. Do Your Own Research: Never rely on a single source. Always conduct your own research before making any financial decision. A link to another company is not our stamp of approval. You Are Responsible: Your investments are your own. You could lose some or all of your money. Past performance does not predict future results. In short: We report the news. You make the decisions, and you take the risks. Please be careful.

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.