CAPE TOWN - Telkom employees will be offered 'voluntary separation packages' and 'voluntary early retirement packages' to those that qualify from today.
Employees were told of the news via email, according to a number of media houses.
"We estimate that Telkom has subsidised the South African mobile industry by about R70 billion since its inception. This subsidy has mainly been a result of regulatory decisions that impacted Telkom disproportionately,” Telkom's email said.
“During these regulatory cycles Telkom has sought to safeguard jobs from market and economic pressures. However, the cumulative effect of past regulations continues to impact our business operations.”
It is therefore incumbent on Telkom to offer voluntary packages to all Telkom corporate, openserve, consumer and small Business employees.