Cost-cutting Telkom to carry on whittling down staff numbers

[Sneeky]

TELKOM will keep encouraging staff to take voluntary severance packages in an effort to get personnel costs down to the level it pledged last year.
The fixed-line monopoly said in its 2005 annual report, filed with the US Securities and Exchange Commission, it would keep trying to lower employee expenses from 23,2% of revenue this year to 17%, close to international standards.

http://www.businessday.co.za/articles/economy.aspx?ID=BD4A71587

 

[bwana]

The Proudly South African Way

 

[ebis]

The Proudly South African Way

That pretty much sums it up.

 

[desraid]

Come on SNO! Beat Telkom.

 

[Sneeky]

,,close to international standards,,,

How convinient, Its 'A' OK to get yourselves (TELKOM) in line with world standards through comparisons when it means rentrenching people to save a buck, and increase your execs bonuses, but not OK to use the same comparisons when looking at pricing.
This proudly South African thing is to kewl

 

[buster]

Anyone at Telkom heard of a "pay cut"?

 

[bwana]

How convinient, Its 'A' OK to get yourselves (TELKOM) in line with world standards through comparisons when it means rentrenching people to save a buck, and increase your execs bonuses, but not OK to use the same comparisons when looking at pricing.
This proudly South African thing is to kewl

But of course - they can make all the international comparisons they want when it suits them. How about line fees and speeds of international standards?