Telkom agrees to consult on restructuring

Telkom has agreed to further consultation with organised labour through an external, independent facilitator regarding its restructuring and retrenchment process. According to a statement from Telkom, this consultation is a continuation of the dialogue that the...

Telkom outlines its restructuring process

Telkom has issued a statement outlining its version of the restructuring process currently underway. “Telkom would like to place on record the facts surrounding its restructuring process to dismiss allegations by labour unions regarding the process and criteria under...

Jasco restructuring sees results

Jasco Electronics Holdings’ headline earnings and headline earnings per share increased by 6% for the six months ended 31 December 2013, as it enters the last six months of its three-year strategy implementation. Most of Jasco’s businesses performed well and partly...

Solid half-year for Jasco as it restructures

Jasco Electronics, which is in the final year of its three-year restructuring programme, has reported that most of its operational business – with the exception of the Security division – has performed solidly during the six months to 31 December 2013. The ICT-Carrier...

Massive restructuring at ConvergeNet

Deteriorating financial performance has prompted the restructure of ConvergeNet, entailing the closure of the company’s head office, the disposal of some non-core subsidiaries, rationalisation of its legal structure, and a restructuring of the authorised and issued...