Employees to benefit from Telkom deal
In what it calls a "groundbreaking agreement" with labour unions, Telkom will set aside R750m for the 2017 financial year so as to give its employees incentives, and will also place a moratorium on retrenchments over the next two years.
The fixed-line operator has agreed to limit the proposed outsourcing within its Openserve subsidiary, as well as its consumer and small business and corporate centre departments, to less than 1,000 people.
The agreement, with 11,000 employees belonging to trade unions, will also see the introduction of performance-based remuneration for employees.
Telkom has had an adversarial relationship with labour unions for many years, as its organised employees opposed its retrenchments programmes.
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Source: BDLive 8 June 2016