Telekom Malaysia introduces voluntary redundancy scheme

February 24, 2005

1 Min Read

KUALA LUMPUR -- Telekom Malaysia Berhad (Telekom Malaysia) today announced a Voluntary Separation Scheme (VSS) to all eligible staff of the Group as part of its manpower rationalization programme.

The VSS, which will be implemented Group-wide will be offered across all levels of staff. Telekom Malaysia's current workforce stands at 30,500.

In a statement released today, Telekom Malaysia explained that the VSS is a mutually beneficial scheme for both the staff and the Company. For the staff, it gives them the option to pursue alternative career with other organization or start their own business by terminating their services with the Company and receiving a fair and equitable compensation. For the Company, it gives Telekom Malaysia an avenue to optimize its manpower utilization, increase its operational efficiency and productivity, and overall competitiveness.

This manpower rationalization exercise is part of the overall 5 broad strategies announced in September last year aimed at making the Group more profit-oriented and efficient. Based on a study conducted, Telekom Malaysia has one of the largest number of staff in comparison to other telco players in the region. The VSS will enable Telekom Malaysia to benchmark its cost and efficiency against other telco players.

With the VSS, Telekom Malaysia is taking another step forward in making the Company more competitive. Going forward, productivity and efficiency of staff need to be significantly increased. Post VSS, staff must be prepared for a new environment that leverages on diversity, multi-tasking and focus on deepening professionalism and other competencies.

Telekom Malaysia Bhd.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like