Retirement of AMSA CEO exacerbates retrenchment pressure
- Published on 27 Oct 2017
- HR Pulse News Desk
Wim de Klerk, CEO of ArcelorMittal South Africa (AMSA), announced his retirement at the end of January 2018. This announcement has unions worried that De Klerk’s announcement stems from the 189A retrenchment notice issued by AMSA, Africa’s largest steel producer, on 16 August.
Marius Croucamp, Solidarity’s deputy general secretary in the Metal and Engineering Industry, said that in the context of the immense pressure currently experienced in the steel industry, this announcement increases the stress of members who might be affected by the retrenchments. “It will intensify the major uncertainty that the employees are already experiencing,” Croucamp added.
Croucamp says that Solidarity is actively involved in talks with the company to discuss alternatives to retrenchments. “We’ll do everything we can to minimise the possible retrenchments at AMSA,” Croucamp added.
Source: Solidarity Online
