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.

EducorBL Premium reports that Educor, the owner of Damelin, City Varsity and Intec colleges, is planning to cut 752 people from its workforce, which would amount to almost half its permanent staff.  

The privately owned Educor’s brands also include Lyceum colleges and Central Technical College.  An internal memo dated 7 February that was sent to Educor’s 1,552 permanent employees said the higher education group was "materially affected" by the poor economy, which was leading to fewer enrolments and a growing number of students not paying fees.  "Despite increased austerity measures, expenses remain high due to inflationary and operational pressures," the memo indicated.  The group cut 126 positions in 2019.  Retrenchments are expected to commence from about 7 March.  Educor told staff it would meet them this week to discuss alternatives to layoffs, including proposals for severance packages.  Staff have also been told to write motivational essays arguing why they should not be retrenched.  On Wednesday, AB InBev’s South African Breweries confirmed reports that it would also cut up to 500 workers.  This will swell the ranks of SA’s unemployed, with about 9,000 retrenchments already proposed in 2020 from a range of large companies, including Sibanye-Stillwater, Telkom, Massmart, Aspen and Glencore.

  • Read the full original of the report in the above regard by Katharine Child at BusinessLive (paywall access only)

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