Business Report writes that the Netcare Hospital Group’s shares declined 1.57% on Tuesday following it informing Solidarity of a plan to restructure the credit control divisions of six of its hospitals in Gauteng, owing to the economic climate.
The trade union said the company had indicated that the planned centralisation was expected to be implemented in several phases and be finalised by June next year. The process was still in the early stages and that it was not clear how many employees would be affected. Solidarity’s Johan Botha said: “The company also indicated that it wanted to review its administrative and support staff structure in order to eliminate the duplication of functions. This includes, among other things, the possibility to outsource non-core functions. In addition, the company indicated that for the time it wanted to freeze the appointment of non-nursing staff below the C3 band.”
- This short report by Dineo Faku is at Business Report
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