South Africa’s power utility company, Eskom, has retrenched about 2000 of its workforce in the past ten months.
The move is part of drastic measures being introduced to turn around the debt-ridden state of the power utility company.
André de Ruyter, who is the Chief Executive Officer of Eskom, made this know when he delivered a keynote speech at the Digital African Utility Week and PowerGen on Tuesday, November 24, 2020.
“We have, over the past 10 months, said goodbye to 2000 employees,” said De Ruyter “so we are making some progress. There’s more to come. And that’s, of course, without resorting to forced retrenchments.”
De Ruyter, who was appointed CEO of Eskom barely ten months ago, also hinted that among other measures introduced to make sure Eskom recovers from decay is that the company’s management would not receive salary increases or bonuses this year.
“Very important is to address the legacy of capture and corruption and turning around the morale of our people,” said De Ruyter.
“You can imagine that morale is low, people are feeling quite despondent. We have taken a decision not to give any increases to management this year. Also, in order to contain our costs, there will be no bonuses.”