Telkom splashed R4 million on gym upgrade: report

Telkom has spent around R4 million to upgrade a gym at its Pretoria head office, the Sunday Times reported.

According to the newspaper Telkom paid R1 million for “for five treadmills, six active commercial indoor bikes and a number of kettlebells and dumbbells”.

Other upgrades, which included more equipment and other improvements to the facility, pushed the price to around R4 million.

These upgrades came at a time when the company was cutting hundreds of jobs, and was looking to reduce unnecessary spending.

In September 2013 Telkom told staff that the best way to reduce costs at the company was to cultivate a company-wide culture of cost-consciousness.

“I again want to call on you to work smarter and to go about your job with a mindset of keeping expenditure to a minimum,” former Telkom CFO Jacques Schindehütte said.

At the time Telkom had already cut its subscriptions to newspapers and buying bottled water from the budget.

It then informed employees that it will stop to contribute towards employees attending year-end functions, and it would no longer contribute to gifts and flowers sent to employees on special occasions.

On Friday 10 October the Communication Workers’ Union (CWU) announced that Telkom has issued retrenchment letters to 105 staff members. The CWU demanded that Telkom retract the letters.

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Telkom splashed R4 million on gym upgrade: report