{"id":80471,"date":"2013-06-18T08:17:13","date_gmt":"2013-06-18T06:17:13","guid":{"rendered":"http:\/\/mybroadband.co.za\/news\/?p=80471"},"modified":"2013-06-18T10:13:38","modified_gmt":"2013-06-18T08:13:38","slug":"job-cuts-restructuring-expected-at-telkom","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/80471-job-cuts-restructuring-expected-at-telkom.html","title":{"rendered":"Job cuts, restructuring expected at Telkom: report"},"content":{"rendered":"

Potential job cuts and the disposal of money-losing assets is looming at Telkom<\/a>, Business Report reported on Tuesday.<\/p>\n

The restructuring came at a time when the telecommunications company ramped up its bid to cut costs and position itself to compete in a cut-throat market.<\/p>\n

According to the report the overhaul could see further cuts to Telkom’s staff complement of 21,000, including flattening management layers.<\/p>\n

It also entailed a review of supplier contracts and the sale of properties countrywide.<\/p>\n

Plans were afoot to divest of loss-making and non-core businesses and services, and to pursue mergers and acquisitions using internal funds.<\/p>\n

Speaking at Telkom’s financial results presentation on Friday, chief executive Sipho Maseko<\/a> reportedly said suppliers would be effectively managed and would have to “eat their inflation” and “demonstrate their own cost management programmes”.<\/p>\n

He added that customers were unwilling to pay for inflation passed on to Telkom by suppliers.<\/p>\n

The decisive action was a clear indication that Maseko, who had completed about 90 days in office, would be aggressive in stabilising the company.<\/p>\n

More on Telkom<\/h3>\n

Telkom ADSL: good news<\/strong><\/a><\/p>\n

Telkom continues to bleed fixed line subscribers<\/strong><\/a><\/p>\n

Telkom Mobile LTE, network and subscriber details<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Potential job cuts and the disposal of money-losing assets is looming at Telkom, Business Report reported on Tuesday.<\/p>\n","protected":false},"author":33,"featured_media":75999,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[36,12083,19945,279,109],"class_list":["post-80471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-active","tag-job-cuts","tag-restructuring","tag-sipho-maseko","tag-telkom"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/80471"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=80471"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/80471\/revisions"}],"predecessor-version":[{"id":80487,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/80471\/revisions\/80487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/75999"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=80471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=80471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=80471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}