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Investegate |Renewi plc Announcements | Renewi plc: Final Results


improved OUTLOOK FOR fy22
 
Renewi plc (LSE: RWI), the leading international waste-to-product business, announces its results for the year ended 31 March 2021.
 
Financial Highlights
Robust results reflect resilient business model, swift Covid-19 cost and cash action, and a significant improvement in the second half
Revenue from ongoing businesses flat and revenue from continuing operations down 5% to €1,694m1
Underlying EBIT from ongoing businesses 3% below prior year and above previous guidance at €73.0m1
Statutory profit of €11.0m compared to a loss of €77.1m in the prior year
Core net debt reduced to €344m from €457m last year, representing net debt to EBITDA of 2.2x ....

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Eskom must pay benefits to employees working in remote areas, CCMA rules


Eskom has lost a dispute with trade union Solidarity. Photo: Getty Images
Eskom has lost a dispute with trade union Solidarity, lodged with the Commission for Conciliation Mediation and Arbitration.
Eskom now has to pay employees to compensate for travelling costs to schools as well as to access medical care, as they live and work in remote areas.
The commission found that Eskom unilaterally changed conditions of service for these employees back in 2017.
Eskom has lost a dispute with trade union Solidarity, and it will have to pay employees working in remote or isolated areas certain benefits, the Commission for Conciliation Mediation and Arbitration (CCMA) has ruled. ....

South Africa , Mark Thys , Tom Wedderspoon , Commission For Conciliation Mediation , Bargaining Forum , National Union Of Mineworkers , National Union Of Metalworkers South Africa , Conciliation Mediation , Commissioner Mark Thys , National Union , Collective Bargaining Forum , குறி உன்னுடையது , தரகு க்கு சமரசம் மத்தியஸ்தம் , பேரம் பேசுதல் மன்றம் , சமரசம் மத்தியஸ்தம் , ஆணையர் குறி உன்னுடையது , தேசிய தொழிற்சங்கம் , கூட்டு பேரம் பேசுதல் மன்றம் ,