Telkom share price plunges as it plans to spend R1.5bn on job cuts
First phase of retrenchment process will result in 3,000 jobs being lost
13 March 2020 - 17:30
Shares in fixed-line operator Telkom dropped almost 17% on Friday after the company said job cuts will cost R1.5bn, which will have a negative effect on its full-year earnings.
The group has started the first phase of its retrenchment process that will result in a total 3,000 jobs being lost...
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