Today's Labour News

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eskomReuters reports that several dozen Eskom employees picketed at the state-owned power utility’s headquarters on Wednesday protesting against potential job cuts and a proposal to split up the ailing company.  

Eskom is struggling with debt of around R420 billion.  Analysts expect President Cyril Ramaphosa to indicate at his State of the Nation Address (Sona) on Thursday how he plans to turn Eskom around.  A task team appointed by Ramaphosa to advise on ways to save Eskom has apparently proposed splitting it into different entities for generation, transmission and distribution.  “There was a lunchtime picket by some Eskom employees who demanded to be briefed by management on the reported potential unbundling of Eskom and also rumours of potential job cuts,” Eskom spokesman Khulu Phasiwe said.  He added that COO Jan Oberholzer had urged the workers to await the Sona address to hear what interventions the government would announce to assist Eskom.  Unions are opposed to splitting Eskom, arguing that it is part of a plan to privatise the company and that it would lead to large-scale job losses.

  • Read the short report on this story at Moneyweb
  • See too, Eskom Megawatt Park workers return to work after picketing, at EWN


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