Minister says post office survival 'critical' as job cuts loom
With business rescue practitioners proposing to retrench 6 000 employees, the South African Post Office’s shareholder urges minimal job losses.
Stay updated with breaking news from Section 189. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
With business rescue practitioners proposing to retrench 6 000 employees, the South African Post Office’s shareholder urges minimal job losses.
Precious metals giant Sibanye-Stillwater says 4,095 jobs are on the line as it starts talks with organised labour to restructure some of its platinum group metals operations.
The mining company said it has initiated a section 189 process with unions after several unsuccessful attempts to address operational constraints and other productivity issues at its Kloof 4 shaft in Carletonville.
The cash-out payment relating to the restructuring will occur in the 2024 financial year, says the telecoms company.
The RAF is contemplating retrenching about 400 workers out of a staff complement of 3,000, according to Numsa.