Transnet said to be mulling more retrenchments, with 8,000 jobs in jeopardy
More than 8‚000 jobs are on the line at state-owned rail company Transnet‚ where management is believed to be mooting a second round of retrenchments this year. In a year where more than 113‚000 jobs have been shed across SA‚ according to Statistics SA’s latest quarterly jobs figures‚ unions at Transnet are up in arms. Although this week the company denied it was embarking on another round of voluntary severance packages‚ TimesLIVE has seen an internal communication plan that suggests an earlier round of voluntary severance packages (VSPs) in March did not yield even 10% of the targeted 9‚022 employees. The company had wanted to reduce its R25bn labour costs by R4bon‚ according to the plan‚ which was drafted at the beginning of 2017. Transnet’s intention to re-introduce VSPs and look at forced retrenchments in 2018 was confirmed by several Transnet employees, as well as others close to discussions. According to reliable sources‚ the company approved only 655 applications for volunta...
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