Eskom begins process for voluntary exits
Utility has set aside R400m for severance packages but insists nobody will be coerced into leaving
13 February 2020 - 13:14
Cash-strapped power utility Eskom has put aside R400m for packages for noncore staff who want to voluntarily leave the company, so as to cut costs.
On Thursday, Eskom confirmed that it has started the voluntary separation package (VSP) process targeted at senior employees, but excluding nonmanagerial staff, which will cut overhead costs. It said the money spent on the process will be recouped through savings within a year...
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