https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / South African News RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Embed Video

4

Eskom offers voluntary separation packages

Eskom offers voluntary separation packages
Photo by Duane Daws

26th November 2014

By: Sapa

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

Eskom has asked its staff to consider voluntary retrenchment packages, a spokesman confirmed on Wednesday.

"We can confirm that we have announced the process by which employees can apply for voluntary separation packages," spokesperson Andrew Etzinger said.

Advertisement

The applications, due in February, would be considered on a case-by-case basis.

Eskom's operational requirements would be considered in this process to ensure core critical and scarce skills were not lost.

Advertisement

"We don't have a target. It is entirely voluntary."

Asked whether the company would resort to forced retrenchments if there were not enough voluntary separations, Etzinger said: "At this stage, that option is not under consideration."

The call for voluntary retrenchment applications was in line with the state-owned power producer's drive to reduce costs.

Eskom on Tuesday released its interim financial results for the period ended September 30, painting a bleak picture for the company's liquidity.

Eskom's six month year-on-year profit was reduced to R9.3-billion, with a projected year end profit of R500-million.

The power producer's CEO Tsholofelo Matona warned that the company's bleak financial situation, coupled with the operational problems resulting in recent power cuts, meant Eskom had "a crisis on our hands".

"We know where the problems are... we know what some of the solutions are, but for the period ahead we are living on the edge," Matona said.

Etzinger said the power producer did not have a moratorium on hiring.

"In exceptional circumstances we are hiring but we are, as far as possible, limiting the number of new employees."

Eskom's long-term sustainability, however, relied on hiring skilled people in its core operations.

Eskom employs around 43 000 people.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za