We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The unions came out fighting when it was announced that André de Ruyter would be the new CEO of Eskom.

The National Union of Metalworkers of SA (Numsa) decried De Ruyter as a "fake specialist" appointed for his "cold-blooded business practices which attack labour in particular". At Nampak, Numsa says, De Ruyter destroyed shareholder value and cut the workforce by 60%. According to general secretary Irvin Jim, the union regards De Ruyter as a specialist in auctioning and selling businesses, like those within Nampak, because he was unable to develop a turnaround strategy for them. "His only strategy was to sell and to close those divisions."..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now