Salary uncertainty for Denel staff continues
October salaries are in the balance due to a cash shortage at the arms manufacturer
Staff at state-owned arms manufacturer Denel might not get their full salaries come the end of October‚ a statement from trade union Solidarity suggested on Tuesday. The union said it had “formally learnt from Denel that, as from October 2018‚ salary payments were in the balance due to a cash shortage. This comes after Denel‚ which is in a financial quandary due to a history of mismanagement‚ last month could not pay salaries to its senior staff when they were due”. Deputy general secretary of Solidarity Johan Botha said the company had canvassed solutions from the trade unions‚ saying options included putting staff on short time‚ introducing salary cuts, and offering voluntary severance packages. Botha said Denel’s management had requested that the trade unions consider the proposals‚ comment on them‚ or submit counter proposals. “Both the proposals and the possibility of non-payment of salaries are most worrying‚ especially in view of the fact that we are still awaiting feedback f...
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