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1. AngloGold Ashanti aims to retrench 8,500 miners
(Latest News)
Gold producer AngloGold Ashanti (AGA) is going ahead with the retrenchment of 8,500 miners in three mines in the Free State and Gauteng. The world's third-largest gold miner in June announced that it ...
Created on 23 Jul 2017
2. African Bank calls off retrenchments
(Latest News)
African Bank announced on Thursday that it has decided to discontinue its Section 189A (i.e. retrenchment) consultation process because of the response it had received to its offer of voluntary severance ...
Created on 22 Jul 2017
3. EMPLOYERS CAN DROWN IN THEIR REDUNDANCY POOLS
(Editor's Pick)
... the law has made it clear that employers must use laid down corrective/disciplinary processes in such cases and are not allowed to misuse other methods such as retrenchments. Many employers cull undesirable ...
Created on 18 Jul 2017
4. JSE aims to retrench 60 employees
(Latest News)
... might lead to the retrenchment of about 60 of its full-time staff. Besides retrenching staff, the JSE intends to meet its R170m cost-cutting goal by reducing its information technology costs by at least ...
Created on 11 Jul 2017
5. Direct result of mining charter
(Latest News)
... bitter pill of possible retrenchment for our workers. AngloGold’s retrenchment move may be the first of many to hit the mining industry as a direct result of Mineral Resources Minister Mosebenzi Zwane’s ...
Created on 3 Jul 2017
6. AngloGold to retrench 8,500 workers at struggling mines
(Latest News)
... people, said the retrenchment was part of restructuring of the company’s production and cost base in its South African business. In May, AngloGold reported a 16% drop in first-quarter profit following ...
Created on 29 Jun 2017
7. Sibanye dismisses 1,514 workers
(News)
Sibanye Gold confirmed that 1,514 workers had been dismissed at its Cooke operations, near Westonaria, for not returning to work. The workers had embarked on an unlawful and unprotected strike over ...
Created on 19 Jun 2017
8. Retrenched Evraz employees get 13% of their packages
(News)
... April 12, 2017,” the practitioners indicated. Trade union Solidarity’s Cornelius van Leeuwen confirmed that the payment of the retrenchment packages was in line with the practitioners’ original plans in ...
Created on 1 Jun 2017
9. Showdown looms as parliamentary staff demand 10% pay hike
(News)
... (Nehawu). Mgidlana indicated that negotiations with Nehawu were still open and that various options were being looked at. He dismissed claims by staffers that retrenchments and a zero percent salary increase ...
Created on 31 May 2017
10. GM has issued notice of retrenchment
(News)
The National Union of Metalworkers of South Africa (NUMSA) can confirm that General Motors has issued a notice of retrenchment. Last week GM announced that it would be disinvesting from South Africa and ...
Created on 23 May 2017
11. African Bank to retrench 652 staff members
(News)
... African Bank, in which it indicated that 652 people could lose their jobs. He said that African Bank looked like it would institute forced retrenchments, but Sasbo was fundamentally opposed to that and ...
Created on 22 May 2017
12. UNTU signs Prasa wage agreement
(News)
... will not implement any retrenchments in the current financial year, will be backdated to 1 April, says Eddie de Klerk, Acting General Secretary of UNTU. According to the agreement Prasa will also introduce ...
Created on 22 May 2017
13. GMSA workers to lose their jobs
(News)
... instituted the legally required Section 189 (i.e. retrenchment) process in line with its announcement on Thursday that it will be withdrawing from South Africa. The announcement has angered the National; ...
Created on 22 May 2017
14. Stuttafords shuts three stores
(News)
Stuttafords has shut three of its department stores as the struggling company puts up a fight to fend off liquidation. The 159-year-old retailer last week begun the process of shutting the three stores ...
Created on 19 May 2017
15. UNTU accepts Prasa’s 8% offer
(News)
... with R408 million. Zide said job losses will be on the cards, but was still prepared to convince the Prasa board to include a no retrenchment undertaking for this financial year after Labour refused ...
Created on 18 May 2017
16. Leadership drainage at Eskom
(News)
... retrenchment. The decision, which has since been revoked, would have equated to paying out Molefe for the remainder of his five-year contract, of which only 18 months had been worked when he announced ...
Created on 18 May 2017
17. Prasa offers to increase salaries by 8%
(News)
... be no forced retrenchments. A strike now seems unlikely. The SA Transport and Allied Workers’ Union (Satawu) say most of its members favour an 8% increase. Satawu spokeswoman Zanele Sabela indicated on ...
Created on 17 May 2017
18. Group Five retrenches following restructuring of loss-making cluster
(News)
... procure and construct (EPC) sector businesses. This change, the company indicated, has led to the implementation of voluntary and forced retrenchments, which are set to conclude at the end of June. Group ...
Created on 4 May 2017
19. Transnet adheres to our demand on recruitment
(News)
... job losses. “Transnet wants to save R4 billion on its wage bill over the next three years. This means there could be forced retrenchments at Transnet if the dire global economic situation does not ...
Created on 20 Apr 2017
20. ORGANISATIONS SHOULD BE INFORMED BEFORE EMBARKING ON RETRENCHMENTS
(Editor's Pick)
A tough economic climate continues to see numerous organisations restructuring and implementing retrenchments in an attempt to streamline operations and increase profitability. According to Kay Vittee, ...
Created on 12 Apr 2017