Today's Labour News

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shellCity Press reports that global petrol giant Shell says future employment prospects for its employees affected by its divesting option are guaranteed.

The multinational company, after wide speculation over the weekend about it divesting from its downstream portfolio, finally dropped the bombshell on Monday to its employees at a meeting in Johannesburg. In an interview with City Press on Tuesday, Shell Downstream SA (SDSA) spokesperson Pam Ntaka said that, although it was still unknown as to when the decision would be effected, it was expected to be soon. Ntaka stated: Shell will work to secure the best outcome for our staff, including post-completion employment commitments from a buyer. The group's priority is to divest its shareholding in SDSA within the shortest achievable time frame.” She could not comment on a proposed meeting with Minerals and Energy Minister Gwede Mantashe.

  • Read the original of the short report in the above regard by Max Matavire at City Press (subscriber access only)

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