Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

groupfiveBusiness Report writes that Group Five is continuing to bleed jobs as the listed construction and engineering group attempts to rightsize and realign its engineering and construction (E&C) business cluster to current market activity levels.  

The total number of employees in the group, including limited duration contract workers, declined by 9% to 8,472 at end-June this year from 9,313 last year - and from 13,659 employees at end-June 2013.  This followed Group Five slashing its number of employees by 23.5% or 2,841 people between June 2015 and June last year.  Of the decline in the year to June this year, 255 jobs were lost due to retrenchments.  Themba Mosai, the chief executive of Group Five, on Tuesday indicated the restructuring and retrenchment process was not yet completed.  “We’re still looking at some units in the business and rationalising to get our overheads to the right level,” he stated.


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