Thousands of job cuts loom at Eskom

In a bid to cut costs, South Africa’s power utility, Eskom, could extend its strategy of trimming top executive positions to include lower ranking managers and general workers.

A source revealed to Bloomberg that at least 10,000 people on Eskom’s payroll of 48,600 could lose their jobs.

According to a 2016 World Bank study, South African utilities pay workers more than double the norm in 35 other countries on the continent. Additionally, the study indicated that Eskom was potentially 66% overstaffed.

The recent development of trimming top executive positions at Eskom follows an announcement made last month by the Group Chief Executive, Phakamani Hadebe, regarding combining roles at top management.

Source: ESI Africa

 

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