Retrenchment bloodbath – how many employees Telkom, MTN, and Cell C have let go

Trade union Solidarity has released its “retrenchment bloodbath” report, which details how many workers were retrenched in South Africa over the past year.

“The number of employees accepting voluntary severance packages is increasing at an alarming rate as employees simply reach saturation point with having to work amid uncertainty,” said Solidarity.

“What is of more concern is that the current pattern and wave of retrenchments are very similar to situation at the end of 2008 and the beginning of 2009 which was the precursor to the recession.”

Communications sector

The report stated that the ICT sector in South Africa suffered 8,141 retrenchment processes during the past year – with Telkom the major contributor to the figure.

Also read: Massive skills shortage to hit Telkom: Solidarity

The table below shows how many local employees have been affected by retrenchments – focussing on companies in the communications sector, professional industry, and among individual members.

Retrenchment statistics – 2015/16
Company Retrenchments Date
Communications sector
Telkom 7,800 2015/05/04
Telkom 255 2016/03/16
Cell C 47 2015/05/08
Mail & Guardian 25 2015/07/02
MTN 12 2016/04/18
Media24 2 2016/02/18
Individual members
SA Post Office 5,065 2015/04/15
Dimension Data 4 2016/04/18
Professional Industry
ABSA 1,952 2016/03/29
FNB 1,151 2016/03/16

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Retrenchment bloodbath – how many employees Telkom, MTN, and Cell C have let go