• Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

All data is delayed
See More

Union declares dispute with Telkom

Jun 24 2011 16:43

Company Data


Last traded 65
Change 1
% Change 1
Cumulative volume 760103
Market cap 0

Last Updated: 26-11-2015 at 01:51. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Telkom profit slumps 35%

Telkom hit by lower earnings

Telkom dealt blow in Nigeria case

Telkom faces skills crisis: Union

Telkom cuts 1 650 jobs - report

Freeze layoffs, union urges Telkom


Pretoria - Solidarity on Friday declared a wage dispute with telecommunications company Telkom [JSE:TKG], the trade union's spokesperson said.

"Telkom indicated during today's (Friday's) round that it will impose a two-year moratorium on retrenchments, provided that trade unions will accept a wage increase of only 4.5%," said Marius Croucamp.

This "amounts to extortion, since employees now have to choose between job security and a liveable salary".

Solidarity declared the dispute after three rounds of wage negotiations. Telkom was not immediately available to comment.

Croucamp said there was "room in Telkom's salary budget since the company did away with 1 877 employees at the beginning of the year by means of voluntary severance packages".

This had saved 9.2% of Telkom's salary budget, and left room for a wage increase of between 8% and 10%, he said.

The company should also compensate those employees left for their scarce skills.

"Almost 9% of Telkom's total labour force accepted voluntary severance packages. Of the 1 877 employees who took voluntary severance packages, 1 650 already vacated their positions in March. The rest left at the end of April," Croucamp said.

"Shortly after, Telkom realised that it has now come up against a substantial skills shortage and several of those who already vacated their positions, were lured back with temporary contracts to transfer their skills to the remaining personnel."

In the first round of negotiations, Solidarity asked Telkom to impose a two-year moratorium on retrenchments, and apply it retrospectively from April 1 2011.

Telkom said on the release of its annual results earlier this month it had "neither the agility to seize market opportunities nor the ability to absorb competitive pressures ad infinitum".

It therefore needed to "aggressively tackle the cost conundrum".

"Labour support is vital in this area," Telkom said. 

solidarity  |  telkom  |  wage disputes


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

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

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote