Home South Africa News Eskom offers voluntary exit packages to managers

Eskom offers voluntary exit packages to managers

Eskom

The power utility said that the voluntary cash separation packages would be opened to managerial-level employees in non-core positions. Eskom is offering managers voluntary exit packages as the parastatal looks to cut its bloated workforce.

The utility’s board has allocated a budget of R400 million for the retrenchment plan.

Eskom is grappling to service the R450 billion its racked up in debt while its headcount reportedly fell by about 4% last year to 46,000 employees.

The power utility said that the voluntary cash separation packages would be opened to managerial-level employees in non-core positions.

Workers aged between 60- and 62-years-old would be allowed to take up the offer irrespective of the role they played in the company.

Eskom has been struggling to stay afloat due to a bloated wage bill, among other financial challenges.

The decision to offer separation packages was being viewed by some as another sign of wide-scale layoffs in the workforce.

While the board was fully behind the move, it’s unclear if labour unions, who have historically come out strongly against wider staff cuts, were consulted.

In other news – Sbahle Mpisane speaks out about her break-up with Itumeleng Khune

Sbahle Mpisane has spoken out for the first time about her relationship with Khune which ended last year. The two had been on and off for years, but despite their rocky relationship, they proved to care for each other deeply.

Sbahle and Khune

On the latest episode of Kwa-MaMkhize, their family friend Tha Simelane asked Sbahle “Where is Khune?”. continue reading

Source: EWN