SA’s biggest non-food retailer Edcon has served 22,000 of its employees with notices of retrenchments as it blames load-shedding and the initial 45-day hard lockdown for its collapse. The troubled Edcon Holdings, which owns Edgars and Jet…
Many companies are considering or are in the process of retrenching workers due to the economic woes of the country that is being exacerbated by the imposed lockdown to curb the spread of the Covid-19 disease. A critical part of…
After days of speculation over the future of SABC employees‚ the broadcaster’s CEO has come out to say that the company is technically insolvent. Speaking at a media briefing the broadcaster’s CEO Madoda Mxakwe said: “We are technically…
SABC may retrench close to 1‚000 staff The South African Broadcasting Corporation (SABC) is to proceed with a Section 189 process and says it may retrench close to 1‚000 employees as part of the restructuring‚ which it estimates should…
Gold Fields is preparing to lay off up to 1‚560 people at its loss-making South Deep mine‚ marking yet another attempt at restoring the operation‚ which has absorbed R32-billion so far. “It is envisaged that approximately 1‚100 permanent…
