EDITORIAL: Better for Telkom to swallow the bitter pill
21 January 2020 - 05:10
In a country where unemployment is at a record high, there will never be a good time to cut jobs, but when the company doing the cutbacks is Telkom, whose biggest shareholder is the government, it becomes even more painful and makes for bad politics.
Telkom confirmed plans on Thursday to offload 3,000 workers, joining a clutch of companies from the banking and manufacturing industries to mining and retail sectors that are cutting jobs as an economy stuck its lowest downward spiral since the 1940s and shifting consumer needs threaten their profitability...
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.