Telkom restructuring costs drop by R300m
The group had planned to retrench 3,000 employees but delayed the process because of the national lockdown
05 May 2020 - 20:14
Telkom’s share price has gained about 7% after the fixed-line operator said it had reduced retrenchment costs by R300m.
In a note to shareholders, Telkom said the cost of the restructuring process has come down from R1.5bn to about R1.2bn...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.