Technology6.04.2006
Unions Accepts Revised Telkom Offer
Together with non-union members, Telkom’s revised offer will now be implemented for approximately 60% of its Bargaining Unit employees from 1 April 2006.
The revised offer improves gain-sharing for lowest paid employees from an initial 256% to over 400% while the Company’s long-service awards will be backdated to 1 January 2006.
In addition, on the issue of grade compression, employees who meet and/or exceed their performance targets will receive an additional fixed amount to their basic salaries if their annual salaries fall below the specified threshold.
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