Retrenchments

Although the university says it doesn’t foresee job losses, insiders believe it’s a matter of time before retrenchments and offers of early retirement kick-in.

Noting mass retrenchments, increased poverty and reduced social welfare, women's organisations criticised the economic policy.

Taukobong also referred to the recent wave of voluntary early retirement packages and retrenchments at the company.

This means that the reasons for the retrenchments are operational, as the company had been recording a huge loss of orders and decline in sales, which date back to 2020 to date,” the source said.

Apart from this, now workers will be eligible for 3 months of extra wages on retrenchments or on closure of establishments.

Despite the powerful and the regressive retrenchments within some left circles and spaces, the epistemic and intersectional shifts and openings of the 1960s rupture have become manifested in thought and practices present in some of our institutions.

He said the government was a major shareholder in Telkom and should not be seen to be at the forefront of retrenchments.

How can somebody who has been to school see inflation sky rocket to double digit, reserves depleted, nothing happening to have the youths employed, exchange rate uncontrollable, mining production go down with retrenchments and choking debts.

In a meeting with employee representatives on Tuesday, Les Matuson and Siviwe Dongwana said retrenchments were now under consideration but the company could not afford the mandatory 60-day consultation process, prescribed by the Labour Relations Act.

In other words, the current unemployment rate, bad as it is, will be worse by the end of 2020 due to retrenchments.

PM: We expected government to issue a moratorium on retrenchments and other terminations of employment until we have an agreed post-Covid-19 social contract between business, labour and government.

She said retrenchments in activity have been accompanied by a sharp re-pricing of financial assets amid rapidly deteriorating risk sentiment, large equity sell-offs, widening risk spreads, and reversals of portfolio flows to EMDEs.

THE government has implored businesses to avoid retrenchments at all costs, to safeguard livelihoods while boosting the economy.

The media continues to broadcast live interviews with the people in the streets bitterly complaining of rising prices, unemployment, businesses closing down leading to retrenchments and their highly negative impact on their livelihood.

Workers are forced to go on unpaid leave, forced to use their annual leave days, forced to take negative leave and some were given notice of retrenchments,” she said.

Berger said, on the facts of the case, both the government and Busa were not committed to resolving the matter of retrenchments.

The South African Society of Bank Officials (Sasbo) says it has planned a national bank strike for Friday over planned retrenchments in the banking sector.

We can’t have retrenchments just because SAA is broke and should be liquidated.

At present, however, over 90 per cent of the budget is dedicated to pay and retrenchments, and as a consequence there is little left to fund training exercises.