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Telkom: Up to 1,000 managers face axe

By: Thabiso Mochiko | 14 Jan 2014 08:06
Telkom's chief executive Sipho Maseko has moved to calm a storm over his comments last week that up to 1‚000 managers face the axe at the company‚ although he confirmed that its staff numbers would be reduced in wide-ranging efforts to cut costs.
Telkom's Sipho Maseko admits that there is an urgent need for Telkom to cut costs and that managers at Telkom are in the firing line. Image: Telkom
Although analysts have long warned that Telkom needs to scale back its costs‚ Maseko's comments to the Bloomberg news agency suggest deeper and more far-reaching cuts than many had imagined.

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Pippa Wepener
And the ANC has promised 6 million more jobs hee hee
Posted on 14 Jan 2014 16:12