Eskom secures R400 million for voluntary retrenchment packages
As part of Eskom's financial relief plan, the entity is offering managers in its non-core operations and employees over the age of 60 voluntary retrenchment packages. The power utility has secured R400m ($26.8m) to implement the process and is expected to be implemented between March and April this year. The utility is adamant there will be no
Eskom secures R400 million for voluntary retrenchment packages
As part of Eskom’s financial relief plan, the entity is offering managers in its non-core operations and employees over the age of 60 voluntary retrenchment packages.
The power utility has secured R400m ($26.8m) to implement the process and is expected to be implemented between March and April this year.
The utility is adamant there will be no forced retrenchments.
“This process is being run in order to get to a point where Eskom can be an efficiently run company. The management has identified opportunities and savings that could be had in the top structure of the organisation. There will be no forced job losses,” said Eskom spokesperson, Sikonathi Mantshantsha.
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T.Nkabinde
