Even subsidiary BCX has seen its staff complement shrink by over 40% …
Over the past 10 years, Telkom has shrunk its workforce dramatically as the shift from fixed-line to mobile accelerated, with more than 70% of staff cut over the period.
Telkom executed a massive voluntary severance and early retirement programme in 2015 and 2016. More than 4 400 jobs were cut as part of this exercise and the group booked a total charge of R2.8 billion across the two financial years. These cuts coincided with the peak in the number of ADSL customers .
Read: Telkom half-year profit jumps on lower depreciation Telkom swings back to profit In 2018, it began separately disclosing the number of Openserve staff . This has been steadily declining since then and is just 4 500 today – a drop of 46%. A significant chunk of these cuts came in the 2023 financial year as part of its most recent restructuring process.
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