Telkom to cut staff

10 Jun 2004

South African group Telkom has announced plans to cut its staffing levels by between 7% and 10% each year as competition for customers increases in its domestic market. Earlier this week, the telco reported a more than doubling of its net profit for the year ending 31 March 2004, thanks to robust growth at its half-owned wireless subsidiary Vodacom, cost-cutting at its fixed line business and streamlining across the company.

South Africa, Telkom South Africa