Fears mount over continued retrenchments
CAPE TOWN – The list of announced plans to retrench in 2020, both in the private and public sectors, has grown rapidly and an anticipated small uptick in the economy is unlikely to slow its trajectory.
Among the list of larger companies to have announced retrenchment plans this year are:
- ArcelorMittal SA (400)
- Educor (752)
- Eskom (voluntary separation packages for “non-core”staff)
- Telkom (3000)
- Massmart (1440)
- Aspen (219)
- Samancor (2500)
- Glencore (605)
- SAB (500)
- Tongaat-Hulett (400).
Source: iol.co.za
