Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Telkom looking to cut jobs - report

Feb 10 2011 08:59 Reuters

Company Data

Telkom Sa Ltd [JSE : TKG]

Last traded R23.81
Change R0.03
% Change 0.13%
Cumulative volume 3.22m
Market cap R12.40bn

Last Updated: 25/05/2012 at 19:32. Prices are delayed by 15 minutes. Source: McGregor BFA

 

Related Articles

Telkom secures China funding

Telkom loses bid to quash case

Hedberg quitting a calamity: union

State adds to Telkom troubles

Leadership woes as Telkom CEO quits

Telkom's acting CEO quits

 

Top Stories

Gauteng road project costs rocket

May 25 2012 13:58

The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.

Greek euro worries pressures rand

May 25 2012 19:13

Uncertainty over the future of the euro zone returned to push the rand down against the dollar.

Absa online banking crashes, down all morning

May 25 2012 17:09

Clients hoping to cash in their end of month paychecks at Absa received a nasty surprise after the online banking system fell over.

 
Share Share line Print
Johannesburg - Telkom [JSE:TKG] met with unions this week to discuss potential job cuts, as the struggling fixed-line operator seeks to rein in costs, Business Day newspaper said on Thursday.

Telkom executives met with officials from the Communications Workers Union and the South African Communications Union on Tuesday, the newspaper said, citing union officials.

No one was immediately available for comment at Telkom. The company, which has been hamstrung by a money-losing Nigerian business, has been looking to cut costs and focus on its new mobile operation at home.

In November it said 186 managers had agreed to leave the company at a cost of R144m.

Telkom's agreement with unions not to cut jobs for two years expires next month, the paper said.

 
 
Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
Facebook's intrinsic value
May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

NicolaaSmith

CIPPA equals automatic zero erosion in the constant item economy We do not have stable – as in fixed real value – money. The real value of money is generally accepted by the public at large to be stable – as in fixed – in low inflation economies, but this is not true. The be... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...