Eskom sets aside R400m for voluntary exits for staff
Eskom says there will not be forced job losses despite the power utility's ongoing financial woes.
The cash-strapped power utility has announced that it has aside R400m for packages for non-core staff who want to voluntarily leave the company, as a means to cut costs.
On Thursday, Eskom confirmed that it has started the voluntary separation package process targeted at senior employees, but excluding non-managerial staff, which will cut overhead costs.
Spokesperson Sikonathi Mantshantsha says only members of senior management are affected.
"Eskom has commenced offering voluntary separation packages targeted at senior employees.”
He says they aim to conclude the voluntary separation agreements by April.
"The VSP process will be implemented during March and April 2020."
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Mantshantsha adds: "Eskom will ensure that no critical skills will be lost as a result of the programme, and management will take every precaution to ensure that the VSP process caters to the best interests of Eskom."
The power utility anticipates that the money spent on the process will be recouped through savings within a year.
Eskom sets aside R400m for voluntary exits for staff by Jacaranda FM News on Scribd