Vodacom SA plans to cut 80 jobs to reduce costs
Vodacom recently announced that their annual price increase for both fibre and contracts will come into effect from 1 April 2024.
Vodacom Group Ltd. is planning on cutting around 80 jobs in South Africa to help reduce costs.
According to Bloomberg, Vodacom, which is Africa’s largest wireless company by market value, confirmed the news in response to queries on Monday.
The Johannesburg-based company employs about 5 400 people and the reductions will be at all levels of the company, it said.
Vodacom recently announced that their annual price increase for both fibre and contracts will come into effect from 1 April 2024.
That’s no April Fool’s joke sadly …
Meanwhile, Vodacom is still embroiled in its case with ‘Please Call Me’ idea-man Kenneth Nkosana Makate.
Experts warned that if the cellphone giant were forced to pay their former employee anywhere near the amounts mooted in the media – of up to R29 billion – it would certainly lead to price hikes and job losses.
The official jobless rate in South Africa is around 32.1%.
Cosatu spokesperson Matthew Parks wasn’t impressed by the latest news, saying: “We will pursue all alternatives to retrenchments.
“Vodacom has made massive profits and there is no justification to retrench a single worker.”
Vodacom’s net income rose 9% to R8.5 billion in the six months ended 30 September 2023, while costs jumped 37% to R28 billion.
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