Telkom's Labour Policy

[Peapod]

taken from the US Securities and Exchange Commission Filing 2004

Telkom report.....We intend to continue to reduce our fixed-line headcount over the next few years. Our ability to implement optimal employee reductions is limited by South African labor laws. In addition, legal requirements make such reductions costly. We also face pressure from labor unions in South Africa who oppose employee reductions and may encounter resistance from the Government of the Republic of South Africa if the reductions conflict with the Government's social objectives at the time. If we are unable to reduce the number of our fixed-line employees and employee expenses or if significant labor unrest results from implementation of our fixed-line employee reduction program, our ability to compete may be harmed and our net profit could decline.

All because the average south african cannot afford fixed line telephony...now heres a thought. If Telkom made fixed line telephony affordable, they wouldnt have to reduce headcount, they wouldnt be ADDING to South Africa's economic deprivation, they would be bolstering it. When in heaven's name is the government going to do something about these creatures!!!

sending this quote to our mates at IMC, PSA and to our NY SouthAfricans so they can feel really special about doing nothing and in the latters case, rewarding such behaviour publicly

 

[SuperAntMD]

"our ability to compete may be harmed and our net profit could decline."

Ha. Ha. Ha.

I know its a bit late but is this somesort of April fools joke?
Who do they compete with? What, besides ridiculous salaries did they spend last years R4.2 billion profit on?

 

[MaD]

They also had another line which said that the HIV rate could cause their customer base to decline

 

[Peapod]

and i wonder how much of their profit they plow back into community projects to assist in the fight against AIDS? All questions I would love to ask Sizwe publicly.

 

[Debbie]

I can't hardly wait to see what Telkom has to say in their next SEC filing. Come on, 6 June, come on!!

 

[onionpeel]

Need a quote

They also had another line which said that the HIV rate could cause their customer base to decline

MaD, that has got to go down as the most ridiculous statement I have heard in years (besides what $t€v€n Whit€ has said). Can you get the exact quote from the actual source?

 

[MaD]

"The high rates of HIV infection in South Africa could cause the size of the South African communications market and our growth rates, operating revenue and net profit to decline."

From the US Securities and Exchange Commission Filing 2004 (http://www.telkom.co.za/pls/portal/docs/page/IR/docs/FINAL-TKG-20F-2004.pdf)

 

[bb_matt]

I can't hardly wait to see what Telkom has to say in their next SEC filing. Come on, 6 June, come on!!

They'll just lie. So I guess it's up to others to anticipate the lies and publish them early.