[miningmx.com] – ESKOM has asked staff to apply for voluntary retrenchments in an effort to reduce costs, said BDLive.
“Last month we asked employees, in a completely voluntary programme, to apply for severance packages,” spokesman Andrew Etzinger told the publication. “This is one in a range of considerations, and each application will be dealt with by management on its own merits, putting the future needs of Eskom first.”
Eskom announced on November 25 that net profit in the six months to September dropped 24% to R9.3bn as it battled broken equipment and lower sales volumes. Despite a 1.4% fall in volumes, revenue rose 5.4% to R82bn.
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