Over 500 employees of Telkom Kenya will be handed redundancy letters by the end of November, in restructuring move.
In a statement, Telkom says that it has notified Ministry of Labour of the move to sack the employees.
The company says the move is aimed at propelling it to the number two spot in the mobile telephone industry.
“The company must align its cost structure and skill-set with its Strategy. This requires Telkom to restructure its business, and as a result, this will impact the current and long-term needs of its workforce. This restructuring will enable Telkom to not only invest in its business but more importantly in its people,” read the statement in part.
The company has approximately 1400 employees, hence after the retrenchment the company will remain with 900 workers.
Read: Telkom Hits The Market With ‘Any Network’ Voice Call Bundles
“Since 2016, Telkom has successfully rebranded, invested Ksh14 billion into its business to expand its network coverage, launched 4G services and its mobile money services platform, T-kash. Telkom has initiated a revamped strategy to become the credible number two, the challenger in the market,” adds the mobile operator.
Today, a network coverage map shared by blogger Robert Alai shows that Telkom has overtaken Airtel in Nairobi region in terms of 4G network coverage.
Telkom, Airtel and Safaricom #4G coverage in Nairobi. Airtel is doing so poorly that Telkom Kenya is overtaking them even with coverage while they got the 4G spectrum allocation before Telkom. pic.twitter.com/3aiaE3pfLY
— Robert ALAI, HSC (@RobertAlai) October 26, 2018
Currently, Safaricom leads in market share at 65.4 per cent followed at a distance by Airtel at 21.4 per cent while Telkom is third at 8.8 per cent.
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