Today's Labour News

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transnetlogo thumb100 BusinessLive reports that more than 8‚000 jobs are on the line at state-owned rail company Transnet‚ where management is believed to be mooting a second round of retrenchments this year.  

As a result, unions at Transnet are up in arms.  Although this week the company denied it was embarking on another round of voluntary severance packages‚ an internal communication plan suggests that an earlier round of voluntary severance packages (VSPs) in March did not yield even 10% of the targeted 9‚022 employees.  Transnet’s intention to re-introduce VSPs and look at the possibility of forced retrenchments in 2018 was confirmed by several Transnet employees, as well as others close to discussions.  Worker representatives have questioned why a company that ended the previous financial year with a R2.8bn profit and R6bn cash in its bank account, should want to retrench.  National Transport Movement (NTM) general secretary Ephraim Mpahlele said they were opposed to retrenchments‚ voluntary or otherwise.  Steve Harris of the United National Transport Movement (UNTU) said that, although the union had not yet been informed of the intended VSPs‚ the reports made sense and were very concerning to them.

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