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Job cuts looming at Telkom


 Potential job cuts and the disposal of money-losing assets is looming at Telkom.

According to Business Report, the restructuring comes at a time when the telecommunications company is ramping up its bid to cut costs and position itself to compete in a cut-throat market.

The overhaul could see further cuts to Telkom's staff complement of 21 000, including flattening management layers.

It also entails a review of supplier contracts and the sale of properties countrywide.

Plans are also afoot to divest of loss-making and non-core businesses and services, and to pursue mergers and acquisitions, using internal funds.