#retrenchments

[m-ultraarticles]

Telkom crashes almost 30% in minutes after warning of billions in writedowns

SA’s third-biggest mobile operator Telkom warned on Wednesday its profits have plummeted after retrenchments and a strategic shift towards digital technologies prompted one-off costs of more than R14 billion, approaching its market value of R16 billion. In response, the company’s shares crashed almost 30% in the first minutes of trading on Wednesday. It retraced some of the losses, trading down…

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[freehealthteacher]

UOB To Train 26,000 Staff In Light Of Global Retrenchments

UOB To Train 26,000 Staff In Light Of Global Retrenchments

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Just last week, news broke that HSBC Bank was looking to axe up to 10,000 jobs in a bid to cut costs.

This figure was on top of 4,700 redundancies that HSBC had announced in August this year.

And it’s not just bad news for HSBC employees.

According to a report, it is estimated that 60,000 jobs will be shed in banks around the world this yearas banks “face intense competition among…

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