South Africa’s Telkom completes first phase of retrenchment process

South Africa’s Telkom completes first phase of retrenchment process

South Africa's Telkom has completed the first phase of its retrenchment process, affecting one-thousand-800 jobs. The telecoms giant reported a 1.9-percent revenue growth to 21-billion-rand, driven by strong revenue performance. CEO Serame Taukobong says the focus is on cutting operational costs and improving revenue mix to build a resilient company:

November 19, 2024 14

Business / Economics

Airbus to cut 2,500 jobs

Airbus will cut up to 2,500 jobs in its defence and space division, the airspace giant announced on Wednesday. The company blamed the move on a "complex business environment", citing rising costs and "rapid changes in warfare." Here's Sally Patterson with more.

October 17, 2024 18