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.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News
