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Telkom confirms that talks between the company and the Communications Workers Union (CWU) held on Monday (22 August 2016) failed to reach a resolution to the strike that has entered its fourth week.
Telkom approached these talks with the hope and intention to find a meaningful engagement with the CWU and made several proposals to the Union, however the parties could not find each other.
We call upon members of the CWU, should they opt to continue with the strike, to respect the picketing rules as stipulated in the Court Order and to desist from acts of intimidation.
The company is committed to finding a resolution to this matter and continues to engage with all affected parties. In June this year, SACU and Solidarity signed a Collaborative Partnership Agreement with Telkom following protracted negotiations, which included substantive wage negotiations. While the CWU at the time indicated their intention to sign, that has unfortunately not yet happened. The primary agreements are:
We are disappointed that the talks did not yield any positive results yesterday. We, however, remain hopeful that a resolution will be found. Our interest is to ensure that we improve our performance as a business for the benefit of our customers. Each employee at Telkom must work towards that goal and in return, will be appropriately rewarded when we achieve set milestones towards customer satisfaction.
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Gugulethu Maqetuka |
Telkom is a leading communications services provider in South Africa. We had consolidated operating revenue of R37.3 billion and normalised profit after tax of R4,052 million for the year ended 31 March 2016. Total assets amounted to R46.8 billion and equity attributable to the owners of Telkom to R26.1 billion as of 31 March 2016. The group generated normalised free cash flow of R3.9 billion for the year ended 31 March 2016.
As of 31 March 2016, we had approximately 3.2 million telephone access lines in service and 1,077,939 ports connected via MSAN access. We offer business, residential and payphone customers a wide range of services and products, including: