Business

Telkom expects to give
4,000 staff early retirement

State-owned telecommunications firm PT Telekomunikasi Indonesia (Telkom) plans to grant early retirement programs for 4,000 of its employees starting in 2012.

The company plans to reduce its workforce by 4,000 over the next three years, Telkom human capital and general affairs director Faisal Syam said Wednesday as reported by kompas.com.

The downsizing was hoped to reduce the company’s total number of employees to around 15,000 people by 2015, he said.

“This is also an attempt to reduce our operational budget, which keeps decreasing every year,” said Faisal.

However, the plan would only be applicable if the firm was able to gain profits, since the program would need large amounts of money, he added.

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