Transnet plans massive retrenchments

Die Vryburger

Transnet plans massive retrenchments
Transnet plans massive retrenchments - Image - Die Vryburger

In an effort to alleviate their debt, Transnet is planning a massive retrenchment of staff.

According to sources, Transnet approved 655 applications for voluntary retrenchments, of which 209 were at management level. It’s only 10% of the over 9 000 mark that Transnet has in mind.

36% of Transnet’s expenses go toward the salaries of 58 000 employees. This percentage should be reduced to 31%.

Observers advised that in particular the top structure should also be looked at, whose cost is extremely high.

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